All categories

3 years ago

Calculate the compound interest on an investment of R6500 at 7,5% per annum invested for 3 years

Mathematics

1 answer:

Lemur [1.5K]3 years ago

3 0

Answer:

Compound interest = Rs 1,575 (Approx.)

Step-by-step explanation:

Given:

Amount invested = R.s 6,500

Rate of interest = 7.5% per annum

Number of year = 3 year

Find:

Amount of compound interest

Computation:

Compound interest = P[(1+r)ⁿ - 1]

Compound interest = 6500[(1+7.5%)³ - 1]

Compound interest = 6500[(1+0.075)³ - 1]

Compound interest = 6500[(1.075)³ - 1]

Compound interest = 6500[1.2423 - 1]

Compound interest = 6500[0.2423]

Compound interest = 1574.95

Compound interest = Rs 1,575 (Approx.)

You might be interested in

Solve 4x - 3 = 18. Round to the nearest thousandth.

lorasvet [3.4K]

Answer:

$x=5.250$

Step-by-step explanation:

We have been given an equation $4x-3=18$ . We are asked to solve our given equation.

First of all, we will add 3 to both sides of our equation.

$4x-3+3=18+3$

$4x=21$

Now, we will divide both sides of our equation by 4.

$\frac{4x}{4}=\frac{21}{4}$

$x=5.25$

Upon rounding our answer to nearest thousandth (3 places after decimal) we will get,

$x=5.250$

Therefore, the solution for our given equation is $x=5.250$ .

6 0

3 years ago

Read 2 more answers

An ice chest contains six cans of apple juice, eight cans of grape juice, four cans of orange juice, and two cans of mango ju

Katena32 [7]

6+8+4+2=20
2/20 to grab mango can = 1/10
8/19 (remove one for previous) fro grape juice
6/18 for apple juice = 1/3
1/10*8/19*1/3
=
8/570
=
4/285

8 0

3 years ago

The 6 consecutive integers is 393 what is the third number in this sequence

MAXImum [283]

X+(x+1)+(x+2)+(x+3)+(x+4)+(x+5)=393
6x+15=393
6x=393-15
6x=378
x=63
third one is 63+2=65

3 0

3 years ago

Please help!!

atroni [7]

The answer you are looking for is a

8 0

4 years ago

Read 2 more answers

What is the percent markup from 125 to 200

Arte-miy333 [17]

25 is equal to 20% of 125
As the increase is 75 (200-125), you've then got to divide the increase by each part to find out how many times it increases.
75/25= 3
20*3= 60
Therefore, there is an increase of 60%
Hope this helps :)

8 0

3 years ago

Read 2 more answers

Calculate the compound interest on an investment of R6500 at 7,5% per annum invested for 3 years​

Calculate the compound interest on an investment of R6500 at 7,5% per annum invested for 3 years