Answer:
29
Step-by-step explanation:
40/8 + 3*4*2 =
5 + 12*2 =
5 + 24 =
29
Amount in compound interest = p(1 + r/t)^nt where p is the initial
deposit, r = rate, t = number of compunding in a period and n = period.
Here,
Amount after t years = 103(1.02)^t
i.e. 1 + r = 1.02
r = 1.02 - 1 = 0.02
Therefore, annual interest rate = 0.02 x 100 = 2%
Basically, solve for n, then find aanother tha is solve for m
8n=-3m+1
divide both sides by 8
n=-3/8m+1/8
and find m
8n=-3m+1
minus 1 both sides
8n-1=-3m
divide both sides by -3
-8/3n+1/3=m
m=-8/3n+1/3