The present value of the loan is R576923.
<h3>What is compound interest ?</h3>
Compound interest is giving the current instalment in terms of the total previous amount.
The formula is given by
A = P(1 + r/100)ⁿ.
Where,
A = Amount, P = Principle, r = rate of interest, n = Time in years.
In case the compound if interest is given every two months that is 6 instalments each year the above given formula will be
A = P{ 1 + (r/6)/100 }⁶ⁿ.
According to the given question
Rate(r) = 7.5%
Time(n) = 6 years
The loan will be paid back in 6 years every second month and it is compounded.
∴ No. of instalments = (12 × 6)/2
= 36.
Now each instalments is of R25000
So, The total amount she has to pay back to his father is
= (25000 × 36)
= R900000.
We know compounding every two months is
A = P(1 + r/100)ⁿ
900000 = P{ 1 + (7.6/6)/100 }³⁶
900000 = P{ 1 + 1.25/100 } ³⁶
900000 = P(1.0125)³⁶
900000 = 1.56P
∴ P = 576923.
Learn more about compound interest here :
brainly.com/question/13155407
#SPJ1
Answer:
b
Step-by-step explanation:
Answer:
I need the whole question..
Step-by-step explanation:
Have a nice day!
Answer:
About 300 pages
Explanation:
Week 1: 75 pages
+
Week 2: 75 pages
+
Week 3: 75 pages
+
Week 4: 75 pages
=
About 300 pages in one month
First, you would start with finding the center of the trapezoid. You would multiply 1.6 by 2.4, leaving you with 3.84 sq ft for the center. Then, you subtract 1.6 from 3.2 because you want to find the area of the triangles. You would get 1.6. That means there is a triangle with a base of 1.6 feet and a height of 2.4 feet. The formula for calculating the area of a triangle is base times height divided by 2, and in this case it is 1.6 times 2.4 divided by 2. You would get 1.92, and to find the total amount of ft sq, you would add 1.92 and 3.84 to get 5.76 feet squared(don't forget to label!).
