find the balance of an account that started with $450 at 6% simple interest for 2 years show work plz
1 answer:
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Answer:
5 months
Step-by-step explanation:
Jason's original weight = 120 pounds
Let the no. of months be m
If he gains 10 pounds in each moth , then his weight in m months will be = 10m
His total weight will be= 120+10m -----(1)
Gerardo's original weight = 150 pounds
If he gains 4 pounds in each month , then his weight in m months will me =4m
His total weight will be = 150+4m-----(2)
<u>Equating (1) ans(2)</u>
120+10m=150+4m
=>10m-4m=150-120
=>6m=30
=>m=
<u>=>m=5</u>
It will take 5 months for Jason to weigh the same as Gerardo
Answer: The owner reaches at Rs. 56438.28 after 30 years.
Step-by-step explanation:
Since we have given that
Sum = Rs. 17000
Rate of compounded daily = 4%
Number of years = 30 years
So, Using "compound interest formula" we get that :
Hence, The owner reaches at Rs. 56438.28 after 30 years.