Answer: In 5 years it will be worth £455
Step-by-step explanation:
Step 1
Given
The cost of the T.V. for Colin = £530.
The rate of depreciation per year = 3%
Time/ period = 5 years
Formulae to be used
F = P X (1 - r) ^ n
where
F = the future value after depreciation
P = the present value.
r =the interest rate per time period
n = the time/ periods
Step 2--- SOLVING
F = P X (1- r) ^ n
F= 530 x (1-0.03) ^ 5
=530 x 0.858734
=£455.129
Rounding up to the nearest penny where appropriate = £455
Answer:
this is so easy haha am i missing a picture or smth? anyways just add the two prices together (milk and bread) to get $4.78
Answer:
I believe this that it would be 1/3 chances you grab a yellow or a orange
It would take 25 years for Birr 500 to quadruple if invested at a rate of 12% simple interest per annum.
<h3 /><h3>Simple interest formula</h3>
Using the simple interest formula A = P(1 + rt) where
- P = princial amount = Birr 500,
- A = final amount = 4P (since it is quadrupled),
- r = rate = 12% = 12/100 = 0.12 and
- t = time to quadruple
<h3 /><h3>Finding the time it takes to quadruple </h3>
Since we require t, making t subject of the formula, we have
t = [(A/P) - 1]/r
Substituting the values of the variables into the equation, we have
t = [(A/P) - 1]/r
t = [(4P/P) - 1]/0.12
t = [4 - 1]/0.12
t = 3/0.12
t = 25 years
So, it would take 25 years for Birr 500 to quadruple if invested at a rate of 12% simple interest per annum.
Learn more about simple interest here:
brainly.com/question/25793394
The answer is x=7. I hope this helps. Tell me if you need an explanation!
