What type of transformation is shown
1 answer:
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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.
The correct option is : no mode
<u><em>Explanation</em></u>
The given data set is:
The <u>mode is the number that is repeated more often</u> than any other number in the data set.
But here we can see that all the numbers in this data set are different. That means <u>they appear only once</u>.
So, there will be 'no mode' in this set.