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alexandr1967 [171]
3 years ago
7

Ram borrowed a certain sum of money and paid it back in 2 yrs equal installment.if the rate of compound interest was 4% p.a and

he paid back rs 1352 annually what sum did he borrowed ?​
Mathematics
1 answer:
Law Incorporation [45]3 years ago
5 0

Answer:

2250

Step-by-step explanation:

We want the amount paid, or the present value of the two payments

there are a couple of ways to do this, but because  there are only two cashflows I think it's easier to just discount them manually

1352*(1/1.04)+1352*(1/1.04)²

This is equal to

2250

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Question 2
BabaBlast [244]

Answer:

The equation of the required line is y = x + 5

Step-by-step explanation:

The equation of the given line is y = x - 2

The required line = A line parallel to the given line

The point through which the required line passes = (-3, 2)

The general form of the equation of a straight line, is y = m·x + c

Where;

m = The slope of the line

By comparison, the slope of the given line, m = 1

When two lines are parallel, their slope are equal

Therefore, the slope of the required line = m = 1

The equation of the required line in point and slope form is therefore;

y - 2 = x - (-3) = x + 3

∴y = x + 3 + 2 = x + 5

The equation of the required line is therefore;

y = x + 5.

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