Answer:
$149.66
Step-by-step explanation:
Step 1
Calculate Total Amount payable to the bank using compound interest
Total Amount payable (A) =
P(1 + r/n)^nt
P = Principal = $2000
r = Interest rate = 9% = 0.09
n = compounding interest = quarterly = 4
t = time in years = 2
Total Amount payable
= 2000(1 + 0.09/4)^0.09 × 2
A = $ 2,389.66
Interest = A - Principal
= $ 2,389.66 - $ 2,000.00
I (interest) = $ 389.66
Step 2
Calculate the Total amount payable to his uncle using simple interest.
Total Amount (A) = P(1 + rt)
P = Principal = $2000
r = Interest rate = 6% = 0.06
t = time in years = 2
A = 2000(1 + 0.06 × 2)
A = $2,240
A - Principal
= $ 2,240 - $ 2,000.
I (interest) = $240
Step 3
The amount of money you will save by borrowing the money from your uncle is calculated as:
Amount payable to the bank - Amount payable to your uncle
= $ 2,389.66 - $2,240
= $149.66
Therefore, the amount of money you will save by borrowing the money from your uncle is $149.66
Answer:
The absolute value
Step-by-step explanation:
we know that
The modulus of a real number, is equal to the absolute value of the real number
so
The modulus of a positive number is simply the number and the modulus of a negative number is found by ignoring the minus sign.
Then
modulus of n is always positive number .such that n belongs to real number R.
Modules of n is denoted by |n|
<u><em>Examples:
</em></u>
|-4|=4
|2.5|=2.5
|-100.1|=100.1
Answer:
36 3/4
Step-by-step explanation:
12 1/4 + 12 1/4 + 12 1/4 = 36 3/4 :)
