Simple interest = Cost Price + (Interest Percentage of Cost Price × number of years or months we are paying off)
a) SI = £20 000 + (5% of £20 000 × 4)
SI = £20 000 + (£1000 × 4)
SI = £20 000 + £4000 = £24 000
b) SI = £20 000 + (5% of £20 000 × 3)
SI = £20 000 + (£1000 × 3)
SI = £20 000 + £3000 = £23 000
£24 000 - £23 000 = £1000 that you saved!
Answer:
0.08
Step-by-step explanation:
Answer:
$ 32.95
Step-by-step explanation:
Cost of Stock at 2010= $ 50
Declining rate each year= 8%
We have to find cost of stock at 2015
Cost of stock after 5 years= $ 50 
Value of stock after 5 years= $ 50 
Value of stock after 5 years= $ 50 
Value of stock after 5 years= $ 32.95
Hence, the correct answer is $ 32.95
This is the answer I got according to the app called “Math”
Answer:
Write how many groups of tens there are
Circle groups where there are ten groups of tens
Write how many hundreds there are
Write the total number of tens and hundreds there are