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
Draw a model, solve problem 5 ×14
slega [8]

Answer:

70


Step-by-step explanation:


4 0
3 years ago
Noah is thinking of two fractions that have the same sum of 3/5. Each fraction has a numerator of 1. What are the denimonitors o
Ray Of Light [21]

Answer:

The denominators of fractions are : 2 and 10

Step-by-step explanation:

\text{Let the two fractions be : }\frac{1}{x}\thinspace and\thinspace \frac{1}{y}\\\\\implies \frac{1}{x}+\frac{1}{y}=\frac{3}{5}\\\\\implies 5\cdot x +5\cdot y-3\cdot x\cdot y=0

By hit and trial method, if we put x = 2 and y = 10 then the resulting equation (1) is satisfied and all the conditions hold.

So, the denominators are 2 and 10



7 0
3 years ago
Is it a function or not a function? Please help me??
blagie [28]

Answer:

function

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
If you flip a coin and roll a
worty [1.4K]

Answer: 1/12

Step-by-step explanation:

Your outcome, 2H, divided by the total size of the output set. Thus gives you probability 1/12

Multiply the probability of Heads P(x=H | coin) = 1/2 . The probability of 2 P(x=2 | Die) = 1/6. Multiply 1/2(1/6) = 1/12.

7 0
2 years ago
Read 2 more answers
What is the value of k in the equation k\3 -5=34
Alex
If wrong i apologize but for that equation i got the answer K=117
4 0
3 years ago
Read 2 more answers
Other questions:
  • The Latin Club charted a bus to travel to and participate in a state competition. The cost for each adult to ride the bus was $2
    15·1 answer
  • Can someone please help me?? I don't understand this at all...
    12·2 answers
  • Grain is stored in cylindrical structures called silos. Find the volume of a silo with a diameter of 11.1 feet and a height of 2
    15·1 answer
  • Pat was in a fishing competition at lake Pisces. She caught some bass and some trout. Each bass weighed 3 pounds. Each trout wei
    7·1 answer
  • Answers with explanations
    12·1 answer
  • in a class of 32 students the mean height of the 14 boys is 1.56 meters and the mean height of all 32 students is 1.151 meters.
    15·1 answer
  • Factor 2k^2 - k - 3<br> A: (2k-3)(k+1)<br> B: (k-1)(2k+3)<br> C: (2k-1)(k+3)<br> D: (k-3)(2k+1)
    12·1 answer
  • Perform the indicated operation.
    7·1 answer
  • In a triangle where side a = 15 inches, side b = 11 inches, and angle A = 30 degrees, what is angle C?
    9·1 answer
  • Find the volume of the prism
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!