The space shuttle travels at about 28,000 km per hour using that information estimate how many hours will it take to reach Satur
1 answer:
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Answer:
He must invest R297 521 today.
Step-by-step explanation:
The compound interest formula is given by:
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
Banabas must pay his ex-wife an amount of R350 000 in two years’ time.
This means that
Interest rate of 8.15% per annum compounded monthly:
This means that .
Amount he must invest today:
This is P. So
He must invest R297 521 today.
Let, the number be "a"
Now, according to the question,
So, the number is 72
Now, according to the question,
So, the number is 72