Given:
Amount = Rs. 9,144
Time = 3 years.
Rate of simple interest = 9%
To find:
The principal value.
Solution:
The formula for simple interest is:
Where, P is principal, r is the simple rate of interest, and t is the number of years.
Putting 
in the above formula, we get
We know that,
Divide both sides by 1.27, we get
Therefore, the principal value is Rs. 7200.
Answer:
The initial height is the y-intercept of the graph
slope of the graph = -2
Jordon interprets the only the slope correctly.
Aral interprets the only the initial height correctly.
Step-by-step explanation:
Slope = change in y ÷ change in x = (0 - 12) ÷ (6 - 0) = -12 ÷ 6 = -2
So the slope of the graph = -2
by inspection, the y-intercept = 12
Therefore, the equation for the line is y = -2x + 12
Jordon interprets the only the slope correctly.
Aral interprets the only the initial height correctly
The saving plan balance is $3,677.53.
Given that,
- The no of months is 18.
- The annual percentage rate is 3% so the monthly rate percentage is 0.25%.
- And, the monthly payment is $200.
Based on the above information, the following formula should be used:
FVA = PMT× [(1+r)^n - 1] ÷ r
= $200 × [(1+ 0.0025)^18 - 1] ÷ 0.0025
= $3,677.53
Therefore we can conclude that the saving plan balance is $3,677.53.
Learn more: brainly.com/question/14191332
Answer:
2 1/5
Step-by-step explanation:
2 3/4 divided by 1 2/4=2 1/5
