A side of the triangle below has been extended to form an exterior angle of 72°. Find the value of xx
2 answers:
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Answer:
The percentage decrease in price is 21.43
Step-by-step explanation:
Given as :
the policy amount fro 35 years = $500,000
The time period of policy is 35 years
The Amount decreased = $361
Let The percentage decrease = R %
Now, <u>From compounded method</u>
Amount after n years = initial amount ×
or, $361 = $500,000 ×
Or, =
or, 0.000722 =
Or, =
or, 0.7857 =
So, = 1- 0.7857 = 0.2143
So, Decrease rate of interest = 21.43
Hence The percentage decrease in price is 21.43 Answer