Answer:
240 would be your answer
Step-by-step explanation:
Given that this is based on simple interest, in the first case, investing at 4% for 3 years gives a total interest of 4%*3 = 12%. In the second case, investing at 6% for 4 years gives a total interest of 6%*4 years = 24%. (We can do this since the same principal is given to both.) This is exactly double that of the first case of 12%, so the second choice is the right answer.
Answer:
He will need to pay 5.4 Ghana cedis into his educational fund.
Step-by-step explanation:
We need to multiply 4 1/2 by 120 since it is a percentage. We convert 4 1/2 into a decimal which is 4.5. Now, we just need to multiply 120 by 4 1/2 to get an answer of 5.4.
