Given:
Principal value = $1500
Rate of interest = 7% per annum compounded daily
Time = 2 years.
To find:
The amount after 2 years.
Solution:
Formula for amount:
Where, P is principal, r is the rate of interest in decimals, n is the number of time interest compounded in an year and t is the number of years.
We know that 1 year is equal to 365 days and the interest compounded daily. So, n=365.
Substituting 
in the above formula, we get
Using calculator, we get
The amount after two years is $1,725.39. Therefore, the correct option is (c).
<span>Following BEDMAS
4[3+5(18/2-3)-12]+7^3
</span><span>= 4[3+5(18/-1)-12]+7^3
= </span>4[3+5(-18)-12]+ 343
= 4[3+(-90)-12]+ 343
= 4[3+(-90)-12]+ 343
= 4[-99]+ 343
= -396 + 343
= -53
Hint:
Diameter(d)= 2 radius(r)
circumference= 2πr= πd
1. diameter= 19 × 2 = 38 inches
circumference= 3.18(38) = 119 inches (3 s.f.)
Note that I use 3.18 instead of π because the question states to use 3.14 for π.
Likewise, if you are given the diameter, divide it by 2 to find radius. Let's try a question which only gives you the diameter.
4. radius= 22 ÷ 2 = 11cm
circumference= 3.14(22) = 69.1cm (3 s.f.)
Part 1
Total paid
=cost of the bond+commission
Total paid
32×96.7+32×10=3,414.4
Part 2
Annual interest
32×96.7
=3,094.4
3,094.4×0.08625
=266.892...Annual interest
Part 3
The effective interest rate
((1+0.08625÷12)^(12)−1)×100
=8.974%
The answer is B. one hundred four and thirty two ten-thousandths
