Answer:
$137,339.88
Step-by-step explanation:
Here is the equation for compound interest: A=P(1+(r/n))^nt
where A=amount of money, P=principal, r= rate in decimal, n=number of times compounded per t, and t=time
In this case:
A=$250,000
P= ?
r= 0.04
n= 12 month/yr
t= 15 yrs
You can manipulate the equation to solve for P:
P=A/[(1+(r/n))^nt]
Plug in variables then solve:
P=
P=137339.8761 = $137,339.88
Answer:
,
A and B
Answer:
He should sell each pen of Rs.0.8625 so as to make a gain of 15%
Step-by-step explanation:
Gain=
SP = CP+Gain = 0.75+0.1125=0.8625
<u>So, He should sell each pen of Rs.0.8625 so as to make a gain of 15%</u>
#Learn more:
By selling 60 pens a shopkeeper gain the cp of 15 pen. If he bought 20 pens in rs36. Find the sp of one pen
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