You can use the compound growth to work this out,
Firstly you need to make a multiplier for -6%;
1-(6/100) = 0.94
The you times the amount of money by 0.94 to the power of 4 because you are working out 4 years:
230000*0.94^4 = 179527.26
The answer is $179527.26,
Hope this helps! :)
View answer attached below
Answer:
21/F=M
Step-by-step explanation:
3 minutes per face so divide time and faces to get the time.
F=7 M=3
Root of ( 20^2 - 16^2 ) = 12
Answer:
The rate of interest for compounded annually is 6.96 % .
Step-by-step explanation:
Given as :
The principal amount = Rs 4600
The time period = 5 years
The amount after 5 years = Rs 6440
Let The rate of interest = R %
<u>From compounded method</u>
Amount = Principal × 
or, Rs 6440 = Rs 4600 × 
Or,
= 
or, 1.4 = 
Or,
= 1 + 
or, 1.0696 = 1 + 
or,
= 1.0696 - 1
Or,
= 0.0696
∴ R = 0.0696 × 100
I.e R = 6.96
Hence The rate of interest for compounded annually is 6.96 % . Answer