1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zysi [14]
3 years ago
12

p borrowed Rs. 16000 from a person at 12 % per Annum simple interest and lent the whole amount to Q at the same rate of annually

compound interest, how much did he gain after 3 years ? Find it.​
Mathematics
1 answer:
hichkok12 [17]3 years ago
5 0

Answer:

P earned $ 718.85.

Step-by-step explanation:

Given that P borrowed $ 16000 from a person at 12% per annum simple interest and lent the whole amount to Q at the same rate of annually compound interest, to determine how much did he gain after 3 years the following calculation must be performed:

16,000 x 0.12 x 3 = X

1,920 x 3 = X

5,760 = X

16,000 x (1 + 0.12 / 1) ^ 3 = X

16,000 x 1.12 ^ 3 = X

16,000 x 1.404928 = X

22,478.85 = X

22,478.85 - 16,000 = 6,478.85

6,478.85 - 5,760 = X

718.85 = X

Therefore, P earned $ 718.85.

You might be interested in
How many systems dose this equation have​
allochka39001 [22]

Answer:

2

Step-by-step explanation:

6 0
2 years ago
What is the distributive property of 65 x 7
FrozenT [24]
The answer you get is  112
8 0
4 years ago
WILL MARK AS THE BRAINLIEST!! The volume of a cube depends on the length of its sides. This can be written in function notation
andre [41]
The answer is D. 

"A cube with the side lengths of 4 feet has a volume of 64 cubic feet." 
5 0
3 years ago
Ram is 9 years older than Hari. Three years ago, he was two times as old as Hari was. Find their present age.
True [87]

Answer:

Ram: 21, Hari: 12

Step-by-step explanation:

To solve the problem, we can use the following notation. We call:

r = Ram's age at present

h = Hari's age at present

We know that:

- Ram is 9 years older than Hari --> mathematically, this can be written as

r=h+9

- Three years ago, Ram was two times as old as Hari was --> mathematically, this can be written as

r-3=2(h-3)

where (r-3) is Ram's age 3 years ago, while (h-3) is Hari's age 3 years ago

Substituting eq.(1) into eq.(2), we  find:

(h+9)-3=2(h-3)\\h+9-3=2h-6\\h+6=2h-6\\h=12

So, Hari's age is 12; therefore, Ram's age is

r=12+9=21

4 0
3 years ago
Khan sucks 3 for 30 points<br> again
tester [92]

Answer:

D, John did not make a mistake!

Step-by-step explanation:

7 0
3 years ago
Other questions:
  • Last year 225 students attended the annual school dance at CCMS. This year 211 students attended the dance. Find the percent of
    6·2 answers
  • Write 1,700 in exponential form
    9·2 answers
  • Ryan bought a book for $3.12 and a pencil for $0.98. He paid with a $5 bill. About how much change will he receive
    6·1 answer
  • you are at a grocery store and you purchase two whole chickens for 12.99 each sales tax is 6% what is the total you will pay
    11·2 answers
  • Background Layout -
    7·1 answer
  • Water leaves a spigot at a rate of 462 cubic inches per minute. How many cubic feet of water is this per hour? (Round your
    13·2 answers
  • Plz answer quick!!<br> This is due today, and i have to get it done by 8:00!
    14·1 answer
  • Pls and thank you. will get brainiest IF the answer it accurate :p
    13·2 answers
  • Somebody helppp please
    10·2 answers
  • Need some help pls FAST!!
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!