The present value of the loan is R576923.
<h3>What is compound interest ?</h3>
Compound interest is giving the current instalment in terms of the total previous amount.
The formula is given by
A = P(1 + r/100)ⁿ.
Where,
A = Amount, P = Principle, r = rate of interest, n = Time in years.
In case the compound if interest is given every two months that is 6 instalments each year the above given formula will be
A = P{ 1 + (r/6)/100 }⁶ⁿ.
According to the given question
Rate(r) = 7.5%
Time(n) = 6 years
The loan will be paid back in 6 years every second month and it is compounded.
∴ No. of instalments = (12 × 6)/2
= 36.
Now each instalments is of R25000
So, The total amount she has to pay back to his father is
= (25000 × 36)
= R900000.
We know compounding every two months is
A = P(1 + r/100)ⁿ
900000 = P{ 1 + (7.6/6)/100 }³⁶
900000 = P{ 1 + 1.25/100 } ³⁶
900000 = P(1.0125)³⁶
900000 = 1.56P
∴ P = 576923.
Learn more about compound interest here :
brainly.com/question/13155407
#SPJ1
Answer:
-14+21x
Step-by-step explanation:
Distrubute
-7 times 2= -14
-7 times 3x= -21x
Answer:
31°
Step-by-step explanation:
The upper and lower triangles are similar, because their bases are parallel.
This implies that their correspondent angles have the same measure: the correspondent angle of x is the 31° angle.
So this is easy counting
so 5x^2-3x-9
we have 5 x^2's
-3 x's
-9
wat do we add to that to get
1 x^2's
-5 x's
+6
so we do each
5x^2+what=1x^2
subtract 5x^2
from both sides
what=-4x^2
first is -4x^2
then we have -3x to -5x
-3x+what=-5x
add 3x to both sides
what=-2x
second is -2x
-9 to 6
-9+ what=6
ad d9
what=15
last is 15
thereffor add -4x^2-2x+15
Step-by-step explanation:
—x intercept, y = 0
y = 1/2 x + 2
0 = 1/2 x + 2
-2 = 1/2 x
-2.2 = x
-4 = x
X intercept = (-4 , 0)
—y intercept, x = 0
y = 1/2 x + 2
y = 1/2 . 0 + 2
y = 0 + 2
y = 2
Y intercept = (0 , 2)
Graph in the picture :)
