It turns out that 5% of 400 is 20.
(1/20)*400=20.
So Ian was being paid £400 a week before he was given a pay rise.
Step-by-step explanation:
x > -1
x = {0,1,2,...}
6 + 8x = 30
Problem written out
8x = 24
Subtracted 6 to get 8x alone
x = 3
Divided 8 to get your answer!
A^2+b^2=c^2
24^2=12^2+x^2
sqrt(576-144)=x
sqrt(432)=x
12sqrt(3)=x
the answer is c
Answer:
He must invest R297 521 today.
Step-by-step explanation:
The compound interest formula is given by:
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
Banabas must pay his ex-wife an amount of R350 000 in two years’ time.
This means that
Interest rate of 8.15% per annum compounded monthly:
This means that .
Amount he must invest today:
This is P. So
He must invest R297 521 today.