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baherus [9]
3 years ago
6

You can buy 4 apples at stop and shop for 0.96. you can buy 6 of the same apples at path mark for $1.50 which store has the bett

er bu
y
Mathematics
1 answer:
monitta3 years ago
4 0
Stop and Shop has the better deal, as it is 0.24 cents for each apple if you divide 0.96 by 4, while Path Mark is 0.25 cents.
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At what rate per annum ci will RS 2000 amount to RS 2315.35 in 3 years
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<u>ANSWER: </u>

Rate per annum at which CI will amount from RS 2000 to RS 2315.35 in 3 years is 5%

<u>SOLUTION: </u>

Given,  

P = RS 2000

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T = 3 years

We need to find the rate per annum. i.e. R = ?

We know that,  

When interest is compound Annually:

Amount $=\mathrm{P}\left(1+\frac{\mathrm{R}}{100}\right)^{n}$

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$\left(1+\frac{R}{100}\right)^{3}=\frac{2315.35}{2000}$

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$1+\frac{R}{100}=\sqrt[3]{1.157}$

$1+\frac{R}{100}=1.0500$

$\frac{R}{100}=1.05-1$

$\frac{R}{100}=0.05$

R = 5%

Hence, rate per annum is 5 percent.

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