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Vitek1552 [10]
3 years ago
7

Find the final value of 2000 invested at an interest rate of 3% compounded quarterly for 8 years

Mathematics
2 answers:
kykrilka [37]3 years ago
8 0

Answer:

2540.22

Step-by-step explanation:

The equation

Final value=amount invested (1+(interest rate÷ quarter)) ^(quarter ×time)

Apply the given in the question to the equation

Final value=2,000×(1+(0.03÷4))^(4×8)

Final value=2540.22 the answer

Romashka [77]3 years ago
3 0

Answer:

2540.22

Step-by-step explanation:

amount = principal amount * (1+ r/n) ^ nt

r= interest rate as decimal

n=number of times interest is compounded

nt=time

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Answer:

S.I= 640

Step-by-step explanation:

I=prt

where p= $8,000

and r= 4%

and t= 2 years

$8,000×4%×2

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Therefore The S.I = 640.

6 0
3 years ago
rhombus has sides of length 10 cm. and the angle between two adjacent sides is 76 degrees. Find the lengths of the other diagona
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4 years ago
If I buy a stereo for $245 and this includes GST of 10%, what is the pre-GST price?
Ivan

Answer:  $222.73

===========================================

Work Shown:

x = pre-GST price

10% of x = 0.10x = tax amount

x + 0.10x = 1.10x = post-GST price = 245

1.10x = 245

x = 245/1.10

x = 222.7272 approximately

x = 222.73 is the price before tax.

------------

Check:

10% of 222.73 = 0.10*222.73 = 22.273 = 22.27

The tax amount ($22.27) is added to the pre-GST price to get

22.27+222.73 = 245

which matches the post-GST price mentioned.

The answer is confirmed.

Or another way to confirm the answer is to calculate this

1.10*222.73 = 245.003 = 245

6 0
2 years ago
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Answer:

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Step-by-step explanation:

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