1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Novosadov [1.4K]
1 year ago
13

-)

Mathematics
1 answer:
Ann [662]1 year ago
8 0

1) The accumulated amount after six years and the total interest that Trevor will receive if the interest rate is 4.5% per annum simple interest after 6 years are <u>R25,400</u> and <u>R5,400</u> respectively.

2) The accumulated amount after six years and the total interest that Trevor will receive if the interest rate is 4.5% per annum compound interest after 6 years are<u> R26,045.20</u> and <u>R6,045.20</u> respectively.

<h3>Data and Calculations:</h3><h3>Simple Interest:</h3>

Principal = R20,000

Investment period = 6 years

Interest rate = 4.5%

Simple interest for 6 years = R5,400 ($20,000 x 6 x 4.5%)

Principal + Interest = R25,400 (R20,000 + R5,400)

<h3>Compound Interest:</h3>

Principal = R20,000

Investment period = 6 years

Interest rate = 4.5%

N (# of periods) = 6 years

I/Y (Interest per year) = 4.5%

PV (Present Value) = R20,000

PMT (Periodic Payment) = R0

<u>Results</u>:

FV = R26,045.20

Total Interest = R6,045.2

Learn more about simple and compound interests at brainly.com/question/3575751

#SPJ1

You might be interested in
Approximating values mean to
tino4ka555 [31]

Answer:

come close to the value.

6 0
3 years ago
PLEASE HELP!!
NeTakaya

Answer:

D!

Step-by-step explanation:

5 0
2 years ago
Read 2 more answers
Jacob wants to know how many students in his school enjoy watching space travel programs on TV. He poses this question to all 20
Naddik [55]
No because he has not went to other classes
4 0
3 years ago
Read 2 more answers
Is 5, √50, 5 a right triangle
Fynjy0 [20]

Answer:

Yeah,its right angled traingle.

Reason:Suppose Root over 50 as hypotenuse and other two sides as base and perpendicular respectively.

By using pythagoras theorem

h^2=p^2+b^2

50=50(which is true)

Therefore it is right angled triangle..This is your required answer.

3 0
2 years ago
A jewelry store sells necklaces in lengths that vary from 16 inches to 22 inches. Any necklaces outside of this criteria are rej
Art [367]

Answer:

16-22

Step-by-step explanation:

3 0
3 years ago
Other questions:
  • A candidate scored 32 marks out of 80,
    6·1 answer
  • Please help me with this
    15·1 answer
  • Please answer the question in the picture.​
    8·1 answer
  • a square-shaped playground has an area of 290ft^2. Approximately, how long is one side of the playground
    14·1 answer
  • Use the quadratic formula to find the zeros.<br> 3x^2=8x+1
    9·1 answer
  • A house on the market was valued at $278,000. After several years, the value decreased by 9% By how much did the house's value d
    11·2 answers
  • Solve the following, and express your answer in scientific notation.
    13·1 answer
  • Factorise x^2-3xy-18y^2<br><br>plzzzzz it's urgent​
    15·1 answer
  • Can you help me solve. My teacher got those answers but I don’t know how.
    13·1 answer
  • Generate an equivalent expression for 24x+18y by factoring out the GCF
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!