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stepan [7]
3 years ago
10

Work out the balance for £5000 invested for 5 years at 7% per annum

Mathematics
1 answer:
zvonat [6]3 years ago
7 0
Given:
Principal : 5,000
Interest rate : 7% per annum
Term : 5 years

Simple interest is computed by multiplying the principal, the interest rate, and the term.

Simple Interest = Principal * interest rate * term

S.I. = 5,000 * 7% * 5years
S.I. = 350 * 5 years
S.I. = 1,750

An investment of 5,000 will earn a total of 1,750 within 5 years at 7% per annum.
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32w+10

Step-by-step explanation:

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andriy [413]

Answer:

1. Steve's age is 18 and Anne's age is 8.

2. Max's age is 17 and Bert's age is 11.

3. Sury's age is 19 and Billy's age is 9.

4. The man's age is 30 and his son's age is 10.

Step-by-step explanation:

1. Let us assume that:

S = Steve's age now

A = Anne's age now

Therefore, in four years, we have:

S + 4 = (A + 4)2 - 2

S + 4 = 2A + 8 - 2

S + 4 = 2A + 6 .................. (1)

Three years ago, we have:

S - 3 = (A - 3)3

S - 3 = 3A - 9 ................................ (2)

From equation (2), we have:

S = 3A - 9 + 3

S = 3A – 6 …………. (3)

Substitute S from equation (3) into equation (1) and solve for A, we have:

3A – 6 + 4 = 2A + 6

3A – 2A = 6 + 6 – 4

A = 8

Substitute A = 8 into equation (3), we have:

S = (3 * 8) – 6

S = 24 – 6

S = 18

Therefore, Steve's age is 18 while Anne's age is 8.

2. Let us assume that:

M = Max's age now

B = Bert's age now

Therefore, five years ago, we have:

M - 5 = (B - 5)2

M - 5 = 2B - 10 .......................... (4)

A year from now, we have:

(M + 1) + (B + 1) = 30

M + 1 + B + 1 = 30

M + B + 2 = 30 .......................... (5)

From equation (5), we have:

M = 30 – 2 – B

M = 28 – B …………………… (6)

Substitute M from equation (6) into equation (4) and solve for B, we have:

28 – B – 5 = 2B – 10

28 – 5 + 10 = 2B + B

33 = 3B

B = 33 / 3

B = 11

Substituting B = 11 into equation (6), we have:

M = 28 – 11

M = 17

Therefore, Max's age is 17 while Bert's age is 11.

3. Let us assume that:

S = Sury's age now

B = Billy's age now

Therefore, now, we have:

S = B + 10 ................................ (7)

Next year, we have:

S + 1 = (B + 1)2

S + 1 = 2B + 2 .......................... (8)

Substituting S from equation (7) into equation (8) and solve for B, we have:

B + 10 + 1 = 2B + 2

10 + 1 – 2 = 2B – B

B = 9

Substituting B = 9 into equation (7), we have:

S = 9 + 10

S = 19

Therefore, Sury's age is 19 while Billy's age is 9.

4. Let us assume that:

M = The man's age now

S = His son's age now

Therefore, now, we have:

M = 3S ................................... (9)

Five years ago, we have:

M - 5 = (S - 5)5

M - 5 = 5S - 25 ................ (10)

Substituting M from equation (9) into equation (10) and solve for S, we have:

3S - 5 = 5S – 25

3S – 5S = - 25 + 5

-2S = - 20

S = -20 / -2

S = 10

Substituting S = 10 into equation (9), we have:

M = 3 * 10

M = 30

Therefore, the man's age is 30 and his son's age is 10.

5 0
3 years ago
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