Question

Please if anyone could help me with this questions??

Answer 1

Answer:

Question 5

a)Simple Interest = Nu 450, Total Amount = Nu 6,450

b)Simple Interest = Nu 250, Total Amount = Nu 12,750

c)Simple Interest = Nu 2,880, Total Amount = Nu 10,880

Question 6

The amount of commission Mindu earned was Nu 4,750

Step-by-step explanation:

Question 5

Simply Interest formula is given as

I = P × R × T

Total Amount = P + I

Where

P = Principal

R = Rate

T = Time in years

I = Interest

a) P = Principal = Nu 6000

R = Rate = 15% = 0.15

T = Time = 6 months , converting to years = 6/12 months = 0.5years

I = Interest = 6000 × 0.15 × 0.5

I = Nu 450

Amount = P + I

= Nu 6000 + Nu 450

= Nu 6,450

Simple Interest = Nu 450, Total Amount =Nu 6,450

b) P = Principal = Nu 12,500

R = Rate = 8% = 0.08

T = Time = 3 months , converting to years = 3/12 months = 0.25 years

I = Interest = 12,500 × 0.08 × 0.25

I = Nu 250

Amount = P + I

= Nu 12,250 + Nu 240

= Nu 12,750

Simple Interest = Nu 250, Total Amount =Nu 12,750

c) P = Principal = Nu 8000

R = Rate = 12% = 0.12

T = Time = 3years

I = Interest = 6000 × 0.12 × 3

I = Nu 2,880

Amount = P + I

= Nu 8000 + Nu 2,880

= Nu 10,880

Simple Interest = Nu 2,880, Total Amount = Nu 10,880

Question 6

We are told in the question that each month:

If sales are up to Nu 75,000, = Mindu earns 3% commission

If sales are over Nu 75,000 = Mindu earns 5% commission

Last month, Mindu has sales of Nu 95,000

Since his sales was above Nu 75,000 he earns a 5% commission

Therefore, the amount he earned as commission is calculated as:

Nu 95,000 × 5%

= Nu 4,750

Therefore, the amount of commission Mindu earned was Nu 4,750