Write two word sentences for the equation of r/0.2=40.
1 answer:
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Answer:
Amount = Rs. 30250 when Rate = 10%
<em>Amount = Rs. 31360 when Rate = 12%</em>
Step-by-step explanation:
Given
Number of times (n) = Annually
Required
Determine the Amount for both Rates
Amount (A) is calculated by:
When Rate = 10%, we have:
Substitute 25,000 for P; 2 for t; 1 for n and 10% for r
Convert 10% to decimal
Hence;
<em>Amount = Rs. 30250 when Rate = 10%</em>
When Rate = 12%, we have:
Substitute 25,000 for P; 2 for t; 1 for n and 10% for r
Convert 12% to decimal
Hence;
<em>Amount = Rs. 31360 when Rate = 12%</em>