Patricia has a 30% discount coupon for a jewelry store. She sees a new ring that she wants to buy. After the 30% discount was ap
1 answer:
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By substitution,
and so on, so that
[tex]g(n)=6.1^{n-1}g(1)=2.7\cdot6.1^{n-1}
Answer:
49% and 30% respectively
Step-by-step explanation:
Step one:
Given data
Principal = Rs. 4,200
Final Amount= Rs. 9282 respectively
time = 2 years and
time = 4 years
Required
The rate of interest for 2 and 4 years
Step two:
the compound interest formula is
A= P(1+r)^t
for 2 years
Substitute
the rate is 49%
For 4 years we have
the rate is 30%