Answer:
The correct answer is D. 3 % p. a .
Step-by-step explanation:
For the investment offered, Martin is supposed to get $180 as an interest ($6,180 - $6,000).
Now Martin is borrowing $6,000 from the bank to make this investment. He should be charged $180, so that he breaks even on investment.
Thus using the formula:
Interest= Principal × Time ( per annum) ×
; (Here simple and compound interest are same as the sum borrowed is to be charged for a single year)
⇒ 180 =
× 1 × Interest rate
⇒ 180 = 60 × Interest rate
⇒ Interest rate = 3
Thus the correct answer is 3% per annum.
Answer:
Diana will be able to maek 12
Step-by-step explanation:
Answer:

Step-by-step explanation:
We have to find the quotient of the following division,
.
Now,
=
{Since all the terms in the expression are in product form, so we can treat them separately}
{Since we know the property of exponent as
}
=
=
(Answer)
{Since we know,
}
Answer:
4120
Step-by-step explanation: