1) Is 11 an irrational number? yes no Submit Yea
1 answer:
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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)
Answer:
Step-by-step explanation:
step 1
<u><em>Simple interest</em></u>
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
step 2
<u><em>Interest compounded annually</em></u>
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
step 3
Find the differences between the two final amounts