Determine the equation for the given line in
2 answers:
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Given:
Amount = Rs. 34476
Rate of compound interest = 4%
Time = years
To find:
The principal value.
Solution:
Formula for amount is
Where, P is principal value, r is rate of interest and t is time in years.
Putting the given values, we get
Now,
Therefore, the value of sum or principal value is Rs.31256.
Answer:
Step-by-step explanation:
The two points can be made into a right triangle with the two sides defined by two lines drawn from the two given points. Use the Pythagorean Theorem to solve for the hypotenuse, the distance between the two points. See attached graph.
6^2 + 2^2 = x^2
36 + 4 = x^2
x^2 = 40
x = 6.32
