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Margarita [4]
1 year ago
5

At what rates percent compound interest will Rs2000 amount to Rs 2420 in 2 years. ​

Mathematics
1 answer:
igor_vitrenko [27]1 year ago
4 0

The interest rates required to get a total amount of $2,420 from compound interest on a principal of $2,000 compounded 1 times per year over 2 years is 10% per year.

<h3>What is compound interest?</h3>

The interest on savings that is calculated on both the initial principal and the interest accrued over time is known as compound interest.

The concept of compound interest, also known as "interest on interest," is thought to have first appeared in Italy in the 17th century. It will accelerate the growth of a sum more quickly than simple interest, which is calculated only on the principal sum.

Money is multiplied more quickly through compounding, and the more times it is compounded, the higher the compound interest will be.

Using the formula A = P(1 + r/n)^nt

Solving for rate r as a decimal

r = n[(A/P)^(1/nt) - 1]

r = 1 × [(2,420/2,000)^{1/(1)(2)} - 1]

r = 0.1

Then convert r to R as a percentage

R = r × 100

R = 0.1 × 100

R = 10%/year

Learn more about compound interest

brainly.com/question/12325365

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the answer is contained in the attachment

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18 ÷ 6 × [4 - 3] + 6
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Answer:

9

Step-by-step explanation:

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A survey of the students in Lance’s school found that 58% of the respondents want the school year lengthened, while 42% think it
alina1380 [7]
The margin of error of a given statistic is an amount that is allowed for in case of miscalculation or change of circumstances.

It is usually the radius or half of the width of the confidence interval of that statistic.

Given that a<span> survey of the students in Lance’s school found that 58% of the respondents want the school year lengthened, while 42% think it should remain the same. The margin of error of the survey is ±10%.

This means that 58% </span><span>± 10% of the </span>respondents want the school year lengthened, while 42% <span><span>± 10% think it should remain the same.</span>

Thus, from 48% to 68% </span><span><span>of the respondents want the school year lengthened, while from 32% to 52% <span>think it should remain the same.</span> </span>

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3 years ago
Let g(x) = f(x+3) for some function f(x). Is g(x) a function? From the previous problem, let the domain of f(x) be [1, 4). What
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The domain of g(x) is [4, 7)

<h3>How to determine the domain of g(x)?</h3>

The function is given as:

g(x) = f(x + 3)

Since f(x) is a function, then g(x) is also a function

The domain of f(x) is given as:

[1, 4)

The equivalent of these values in g(x) are

x = 1 + 3 = 4

x = 4 + 3 = 7

Hence, the domain of g(x) is [4, 7)

Read more about domain at

brainly.com/question/1770447

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