10% of an amount is 6.2 . Wirk out the original account
1 answer:
Answer:
the original amount was 62
Step-by-step explanation:
You can use the part over whole formula like this:
why?
because we know that 10% = 10/100, we can easily find out the answer by cross multiplying
? * 10 (let's use x, instead of ?)
=10x
6.2 * 100
= 620
Now we have an equation that looks like this: 10x = 620
By using the inverse operation tool (dividing each side by 10 to isolate x) we have:
x (or ?) = 62
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The total amount is $ 1015.82 and interest amount is $ 165.82
<em><u>Solution:</u></em>
<em><u>The formula for amount when interest is compounded annually is:</u></em>
Where,
"A" is the total amount
"P" is the principal
"r" is the rate of interest in decimal form
"n" is the number of years
<em><u>From given, $850 at 2% for 9 years, compounded annually</u></em>
P = 850
t = 9 years
<em><u>Substituting the given values we get,</u></em>
Thus total amount is $ 1015.82
Interest amount = Total amount - principal
Interest amount = 1015.82 - 850
Interest amount = 165.82
Thus total amount earned is $ 1015.82 and interest amount is $ 165.82