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Leya [2.2K]
4 years ago
7

Florence invests £200 for two years at 5% compound interest paid yearly. Liam says that the interest that Florence will receive

will be £20 is Liam right?
Mathematics
1 answer:
tatuchka [14]4 years ago
5 0

Answer:

No, Liam is wrong

Step-by-step explanation:

Amount invested by Florence = £200

Formula for compound interest = P * (1 + R / 100)^Time period

P = £200

R = 5%

Time period = 2

£200 * (1 + 5/100) ^ 2

=> £200 * 1.05^2

=>£200 * 1.1025

=> £220.5

So the interest = 220.5 - 220 = 20.5

20.5 ≠ 20

Therefore, Liam is wrong.

Hope it helps :)

Please mark me brainliest if my answer helped!

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Pleas help i need to get this done asap
muminat

Answer:

$160.16

Step-by-step explanation:

143 is his bill

he leaves an extra 12%

12% of 143 = 0.12 x 143 =  17.16 that's his time

143 + 17.16 = 160.16


4 0
4 years ago
Read 2 more answers
Suppose a city with population 100,000 has been growing at a rate of ​8% per year. If this rate​ continues, find the population
Sholpan [36]
188,000-

First, you have to find what 8 percent of 100,000 is. In order to do this, multiply 100,000 by 0.08. You get 8,000.

Then, you multiply 8,000 by 11. You get 88,000.

Now all that’s left to do is add 88,000 to 100,000, and you get 188,000.

Hope that helped.
6 0
3 years ago
Which procedure can be used to locate the center of a circle inscribed in a triangle?
Roman55 [17]
The pathagorean theorom always works
5 0
4 years ago
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Veronica works each day and earns more money per hour the longer she works. Write a function to represent a starting pay of $20
MArishka [77]

<u>Answer:</u>

The range of the amount Veronica makes each hour if she can only work a total of 8 hours is 20 ≤ x ≤ 29.55

<u>Solution: </u>

Let us assume that Veronica worked x hours

The starting pay is \$20

Each hour increase is 5\%

So the function is f(x)=20(1.05)^{x}

Now if she works 8 hours, she will earn, = 20(1.05)^8

\Rightarrow 20\times1.477 = 29.55

So, the range will be 20 ≤ x ≤ 29.55

4 0
4 years ago
What decimal represents 6×1,000+2×10+3×1/10+5×1/1,000
Contact [7]

6 × 1,000 = 6,000

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4 0
4 years ago
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