FINANCE please answer question six with full working out ty :)

Mathematics

1 answer:

Rudik [331]3 years ago

5 0

The difference in their value of investments at the end of 3 years will be 105000.

<u>Step-by-step explanation: </u>

J and L invested 5000

(P) Principle Amount = 5000

(r) Rate of interest for J is = 3% per year

(r) Rate of interest for L is = 9% per year

n = 1

t = 3 years

Compound Interest formula =

Finding difference all information is common except rate of interest

here difference in rate of interest is = 9 - 3 = 6% per year

r = 6% per year

Using the Compound Interest formula -

A = 5000 (1 + 6/1) 1 × 3

A = 5000 (7) 3

A = 105000

The difference in their value of investments at the end of 3 years will be 105000.

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"The major disadvantage of crude rates is that:

Tpy6a [65]

Answer:

<h3>The option D) All of the above is correct</h3><h3>The major disadvantage of crude rates is that:</h3>

They may not allow for comparison of populations that differ
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Hence options A ,B and C are correct

Step-by-step explanation:

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