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Helen [10]
2 years ago
10

The simple interest on a certain sum of money for 2 years at 5% per annum is Rs 320. What will be the compound interest on the s

ame sum for the same time at the same rate, the interest being calculated yearly? D 1800 cimple interest in 10 years. Find the The simple interest on a certain sum of money for 2 years at 5 % per annum is Rs 320. What will be the compound interest on the same sum for the same time at the same rate , the interest being calculated yearly ? D 1800 cimple interest in 10 years . Find the​
Mathematics
1 answer:
Brilliant_brown [7]2 years ago
7 0

Answer:

Rs 328

Step-by-step explanation:

Find the <u>principal</u> amount invested.

<u>Simple Interest Formula</u>

I = Prt

where:

  • I = interest earned
  • P = principal
  • r = interest rate (in decimal form)
  • t = time (in years)

Given:

  • I = Rs 320
  • r = 5% = 0.05
  • t = 2 years

Substitute the given values into the formula and solve for P:

⇒ 320 = P(0.05)(2)

⇒ 320 = P(0.1)

⇒ P = 3200

<u>Compound Interest Formula</u>

\large \text{$ \sf I=P\left(1+\frac{r}{n}\right)^{nt} -P$}

where:

  • I = interest earned
  • P = principal amount
  • r = interest rate (in decimal form)
  • n = number of times interest applied per time period
  • t = number of time periods elapsed

Given:

  • P = 3200
  • r = 5% = 0.05
  • n = 1 (annually)
  • t = 2 years

Substitute the given values into the formula and solve for I:

\implies \sf I=3200\left(1+\frac{0.05}{1}\right)^{2} -3200

\implies \sf I=3200\left(1.05\right)^{2} -3200

\implies \sf I=3200\left(1.1025\right) -3200

\implies \sf I=3528-3200

\implies \sf I=328

Therefore, the compound interest on the same sum for the same time at the same rate is Rs 328.

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43 coins, no nickels, $4.51 equal amount amount of pennies and dimes, how many of each coin
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Set up
Let the dimes = d
Let the pennies = p
Let the quarters = q

Equations
You cannot mean that the pennies and dimes have equal numbers. That would mean that each had 21.5 members. Now could you mean that the dime and penny amount could be the same with 43 coins that total 4.00. Four dollars means that you need 40 dimes alone. It must mean that you are including quarters. 

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p = d                        (2)
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Note how this last equation = was derived. You have to multiply the dimes by 10 and he quarters by 100 and the total by 100 to get the numbers all in pennies.

Put the results of 2 into 1.
2p  + q = 43                   (4)  
You need to modify equation 3 as well.
p + 10p + 25q = 451
11p + 25q  = 451           (5)

Solve the new equations
2p +  q = 43               (4)
11p + 25q = 451        (5)

Multiply 4 by 25
25(2p- + q = 43)
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<u>11p + 25q = 451
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Since the pennies and dimes are equal there are 16 dimes
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32 + q = 43
q = 11

Check
16 + 10*16 + 11*25 = ?
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451 = ?

Nice problem. Thanks for posting.
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