Which statement about the linear parent function is true?
1 answer:
You might be interested in
Given:
Principal = Rs. 6000
Rate of simple interest = 6% per annum.
Time = 4 years
To find:
The simple interest and amount.
Solution:
Formula for simple interest:
Where, P is principal, r is the rate of interest and t is the number of years.
Putting P=6000, r=6 and t=4, we get
Now,
Therefore, the simple interest is Rs. 7440 and the amount is Rs 7440.
Total = 500 * (1 + .06/12) ^ 12 * 4
Total = 500 * (1.005) ^ 48
Total = 500 * <span> <span> <span> 1.2704891611 </span> </span> </span> <span> </span>
Total =635.24
Total = 500 * (1.005) ^ 48
Total = 500 * <span> <span> <span> 1.2704891611 </span> </span> </span> <span> </span>
Total =635.24