It does not say simple or compound interest.
Simple interest is rarely used these days, so assume compound.
Use the standard formula:
future value = present value*(1+rate/n)^(nt)
n=number of times interest is compounded per year (=1)
t=number of years
Plugging values,
200=100(1.09)^t
1.09^t = 2
take log
t(log(1.09))=log 2
t=log(2)/log(1.09)=0.6931/0.08618=8.04 years.
Answer:
76
Step-by-step explanation:
n a competitive exam of 40 questions, +3 is awarded for a correct answer and -1 for every wrong answer. Find the total score if a student had 11 wrong answers in his attempt of all questions.
Answers gotten wrong = 11
answers gotten right = 40 - 11 = 29
total score = (point for correct answer x number of correct answer) + (point for wrong answer x number of wrong answer)
(+3 x 29) + (-1 x 11) = 76
I think you have the right answer already
Answer:
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