Answer:
$23729.19 ( approx )
Step-by-step explanation:
Cost price = $ 18950
Loss = $ 4780
Loss% = 4780/18950 * 100 = 25.22%
Selling Price = 18950 (100+25.22)/100
= $23729.19 ( approx )
Answer: 12
Step-by-step explanation:
Answer:
3
Step-by-step explanation:
Answer:
1.50
Step-by-step explanation:
Answer:
If using simple interest, the formula is:
= Amount * ( 1 + rate * time)
= 20,000 * ( 1 + 4% * 5)
= $24,000
Interest = Balance after 5 years - Investment
= 24,000 - 20,000
= $4,000
Using Compound Interest:
= Amount * ( 1 + rate)^time
= 20,000 * ( 1 + 4%)⁵
= $24,333.06
Interest = 24,333.06 - 20,000
= $4,333.06
