4 years ago

In Medina, Muhammad established the Umma which is

Mathematics

1 answer:

Leviafan [203]4 years ago

4 0

The umma is the idea that all muslims are united under religion. umma means group or nation in arabic.

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Step-by-step explanation:

The formula to apply is;

$A=P(1+\frac{r}{n} )^{nt}$

where ;

A=amount at the end

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r=rate of interest as a decimal

n=number of compoundings a year

t=total number of years

Given in the question

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Substitute the values in the equation;

$A=P(1+\frac{r}{n} )^{nt} \\\\\\55000=P(1+\frac{0.08}{2} )^{8*2} \\\\\\55000=P(1+0.04)^{16} \\\\\\55000=P(1.04)^{16} \\\\\\55000=1.8729P\\\\\\\frac{55000}{1.8729} =\frac{1.8729P}{1.8729} \\\\\\29364.95=P$

Checking the answer

$A=P(1+\frac{r}{n} )^{nt} \\\\\\A=29364.95(1+\frac{0.08}{2} )^{16} \\\\\\A=29364.95(1.04)^{16} \\\\\\A=55000$

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