Use this formula and solve. v=v³
meaning
Answer:
The correct answer is D. 3 % p. a .
Step-by-step explanation:
For the investment offered, Martin is supposed to get $180 as an interest ($6,180 - $6,000).
Now Martin is borrowing $6,000 from the bank to make this investment. He should be charged $180, so that he breaks even on investment.
Thus using the formula:
Interest= Principal × Time ( per annum) ×
; (Here simple and compound interest are same as the sum borrowed is to be charged for a single year)
⇒ 180 =
× 1 × Interest rate
⇒ 180 = 60 × Interest rate
⇒ Interest rate = 3
Thus the correct answer is 3% per annum.
Answer:
Kristina will!
Step-by-step explanation:
Both Krista and Kevin found the right answer to Stacey’s question. Stacey will invest $108 in company A if she invests $24 in company B.
Answer:
52
Step-by-step explanation:
sorry if it's wrong