Ask question

Ask question

All categories

3 years ago

13

The difference between simple interest and compound interest on a certain sum of money at 20% per annum for 2 years is 48. Find

the principle.
Please help

1 answer:

stiv31 [10]3 years ago

6 0

It will be $68.33:

A-I=P(1+r/n)^(nt)-Prt

$48=P{(1+r/n)^(nt)-rt}

p=$48/{(1+.2/1)^(2)-.2*2)= $68.33

You might be interested in

The girls soccer team won 10 games and the lost 2. And the boys soccer team won 12 games and lost 3. What is the ratio of the bo

Eduardwww [97]

The ratio of the boys is 4/1

8 0

3 years ago

Read 2 more answers

Solve for the variable c in this equation a(c + b) = d

noname [10]

Multiply everything in the parenthesis by a.

ac + ab = d

Subtract ab from both sides.

ac = d - ab

Divide a on both sides.

c = d - ab / a

Hope this helps!

3 0

3 years ago

45 – (–32) + (–12) – |–7|

mash [69]

Answer:

Simplify the expression.

58

Step-by-step explanation:

7 0

2 years ago

Read 2 more answers

What is the slope of the line that passes through the points (-10, -8) and (−8,−16)? Write your answer in simplest form.

Leto [7]

Answer:y=-8 x=2

-8/2 or -4

Step-by-step explanation:

3 0

2 years ago

Which shows how the distributive property can be used to evaluate 7×8 4/5

Greeley [361]

First you find 4/5 of 8 and then 4/5of 7 and multiply them

5 0

3 years ago

Read 2 more answers