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
Gnesinka [82]
2 years ago
12

Find the amount and the compound interest on rupees 5000 for 2 years at 6% per annum, Interest payable yearly. Answer with full

steps and formula NO BAD ANSWERS REQUIRED :D
Mathematics
1 answer:
solniwko [45]2 years ago
5 0

Answer:

I. Amount = 5618 Rupees

II. Compound interest = 618 Rupees

Step-by-step explanation:

  • Given the following data;
  • Principal = 5000 Rupees
  • Time = 2 years
  • Interest rate = 6%

To find the compound interest;

Mathematically, compound interest is calculated using the formula;

A = P(1 + r)^t

Where;

  • A is the future value.
  • P is the principal or starting amount.
  • r is annual interest rate.
  • t is the number of years for the compound interest.

Substituting into the formula, we have;

A = 5000(1 + 0.06)^2

A = 5000(1.06)^2

A = 5000 * 1.1236

<em>A = 5618 Rupees</em>

Next, we would determine the compound interest using the formula;

C.I = A - P

C.I = 5618 - 5000

<em>Compound interest (C.I) = 618 Rupees</em>

You might be interested in
Peter invests £3000 for 2 years in a saving account. He was paid 3% per annum compound interest. How much did Peter have in his
madam [21]

Answer:

£3182.7

Step-by-step explanation:

£3000=100%

? =3%

3×3000/100

=£90

£(3000+90)=£3090(1st year)

£3090=100%

? =3%

3×3090/100=£3182.7

4 0
3 years ago
26) Write the equation of the circle with center (0, 0) and (3, 6) a point on the circle. A) x2 + y2 = 9 B) x2 + y2 = 30 C) x2 +
alexdok [17]

Answer:C) x2 + y2 =45

Step-by-step explanation:

The equation of a circle in standard form is (x-h)2+(y-k)2=r2.

Since you know the center is (0,0), you can sub this is value in for h and k, then use the point (3,6) to sub in for x and y and you will find r2 =45. Hope that helps :)

4 0
2 years ago
Read 2 more answers
Evaluate each expression please
Firlakuza [10]
13. Is 18 15. Is 86 17 is 5 19 is 15 21 is 24 23 is 29
5 0
3 years ago
Pls hurry , timed test
Vesnalui [34]

Answer:

c

Step-by-step explanation:

4 0
2 years ago
The value in dollars v(x), of a certain truck after x years is represented by the equation v(x)= 32,500(0.92) raised to the x po
s2008m [1.1K]
The 32,500 is the original cost of the truck and the (0.92) You take v(x)=32,500(0.92)
 and raise that to the 2nd power, to represent the 2nd year and you will get an answer of $27,300. 
Each year the truck is losing $2,600 in value, after two years the truck has lost $5,200 in value equalling
= $27,300

8 0
2 years ago
Other questions:
  • How do I write an inequality for this graph? Dint mind the other ones just number 5
    6·2 answers
  • Henry can write 5pages of his novel in 3 hours.
    12·2 answers
  • Mason takes his pulse. He counts 48 beats in 2/3 minute. Mason goes on a bike ride and takes his pulse again. Now he counts 81 b
    12·1 answer
  • Can solve this please??
    9·1 answer
  • A term is a constant, variable, or multiplicative combination of the two.
    9·2 answers
  • A bag of balloons which are either green or purple. There are 15 green balloons for each purple balloon. How many green balloons
    8·1 answer
  • I really need help with this question as fast as possible​
    9·2 answers
  • Use the rectangle to answer the question.
    10·2 answers
  • Please help with this is a homework
    8·1 answer
  • 4. What is the domain? Explain. ​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!