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Marat540 [252]
2 years ago
5

A loan of £1000 has a compound interest rate of 2.7% charged monthly. Express the original loan as a percentage of the total amo

unt awed after 2 months if no payment are made
Mathematics
1 answer:
const2013 [10]2 years ago
8 0

Answer:

£1054.729

Step-by-step explanation:

To find compound interest you need to use the equation 1000(1.027)^x.

To find the interest rate (1.027):

100 + 2.7 = 102.7

102.7 / 100 = 1.027

The value of x is the amount of months if no payment is made in this situation, so 2 would be the x value for this problem.

Hope this helps!  

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Answer:

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Step-by-step explanation:

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3 years ago
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Trella alcala deposited 1,950 in a new credit union savings account on the first of the quarter the principal earns 4.25 percent
mrs_skeptik [129]
Amount in compound interest = p(1 + r/t)^nt where p is the initial deposit, r = rate, t = number of compunding in a period and n = period.

Here, Amount after 6 months (0.5 year) = 1,950(1 + (4.25/100)/4)^(0.5 x 4) = 1,950(1 + 0.0425/4)^2 = 1,950(1 + 0.010625)^2 = 1,950(1.010625)^2 = 1,950(1.0213629) = $1,991.66

Compound interest = Amount - principal (initial deposit) = $1,991.66 - $1,950 = $41.66
5 0
3 years ago
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Now who want free brain list x2​
mrs_skeptik [129]

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6 0
2 years ago
Convert 230 Fahrenheit to celsius ​
Ber [7]

Answer:

110

Step-by-step explanation:

We can use the ratio from Fahrenheit to Celcius

32:0

Now just divide

230 ÷ 32

110

And That is your Celsius!

Hope this helps!

Have a nice day!

If you find my answer helpful

<em>Pls consider marking my answer as </em><em>Brainliest</em><em>! It would mean a lot!</em>

8 0
3 years ago
For the data set below, which of the following are true? {12, 18, 28, 14, 18, 20, 12}
iragen [17]
Alright bud the best answer to this question will be that the mode is 12 because it appears the most
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