3 years ago

Mona wants to buy carpet for a floor in her house.

Mathematics

1 answer:

Gnesinka [82]3 years ago

7 0

What are the prices?

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Find the compound interest on 800 at 5% per annum for 2 years.

Ludmilka [50]

Answer:

$C = 82$

Step-by-step explanation:

Given

$R = 5\%$ -- Rate

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$N = 2$ -- Time

Required

Determine the compound interest

First, we calculate the Amount (A)

$A = P(1 + R)^N$

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Express % as decimal

$A = 800*(1 + 0.05)^2$

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3 years ago

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Ann [662]

Answer:

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Step-by-step explanation:

4.58

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Step-by-step explanation:

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