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Answer:
x = Rs 20,833.33
the value of x is Rs 20,833.33
Step-by-step explanation:
Let x,y and z represent the price of the item initially, after one month and after two months respectively.
Given that;
after one month its label price is reduced by 20%
y = x - 20% of x
y = x - 0.20x
y = 0.80x ........1
after 2 months its reduced price is further reduced by 10% and then sold it for Rs 15000.
z = y - 10% of y
z = y - 0.10y
z = 0.90y ........2
Substituting equation 1 into 2;
z = 0.90(0.80x)
z = 0.72x
Also z = Rs 15000
So,
z = 0.72x = Rs 15000
0.72x = Rs 15000
x = Rs 15000/0.72
x = Rs 20833.33333333
x = Rs 20,833.33
the value of x is Rs 20,833.33
Answer:
the monthly payment would be $86.00
Step-by-step explanation:
Answer:
44.2 years
Step-by-step explanation:
If we assume the interest is compounded annually and the investment is a one-time deposit into the account, its value each year is multiplied by 1+6.25% = 1.0625. After n years, the value in the account will be ...
19000 = 1300·1.0625^n
Dividing by 1300 and taking logs, we have ...
log(19000/1300) = n·log(1.0625)
log(190/13)/log(1.0625) = n ≈ 44.24 . . . . years
It will take about 44.2 years for the account to reach $19,000.
