Find the value of x. A: 15 B: 12 C: 10 D: 8
2 answers:
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Answer:
He must invest R297 521 today.
Step-by-step explanation:
The compound interest formula is given by:
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
Banabas must pay his ex-wife an amount of R350 000 in two years’ time.
This means that
Interest rate of 8.15% per annum compounded monthly:
This means that .
Amount he must invest today:
This is P. So
He must invest R297 521 today.
The difference between the two mass is 151950g
Data;
- Mass a = 29.48kg
- Mass b = 181,430g
To calculate the difference between the mass, we must do so in the same unit. i.e both mass a and mass b must be in the same unit.
<h3>Conversion of Mass from Kg to g</h3>Let's convert mass a from kg to g
Using this, we can find how many grammes are in 29.48kg
Now we can find the difference between mass b and mass a
The difference between the two mass is 151950g
Learn more on difference between two numbers here;