Answer:
i think that this is the answer
Answer:
A man borrows * 8000
He agrees to repay with a total interest of 1360 in 12 monthly instalments.
Each instalment being less than the preceding one by * 40
=
x 40
= 12 x 34
= 408 (Ans)
im not sure but maybe look up how to calculate volume of a cone.. then go from there :D
The standard compound interest formula is
Future value after x years with an annual interest of i
=Present Value (1+i)^x [which is an exponential function]
for given present value of $360. interest=0.03 (3%) and a total of x years, above equation reduces to
Future value after x years
=360(1.03^x)
It is 2.56 because per pound equals the amount