3 years ago

PLEASE HELP ASAP I FORGOT ABOUT THIS QUESTION AND THIS IT IS THE LAST QUESTION- LOL

Mathematics

1 answer:

dalvyx [7]3 years ago

5 0

The correct answer is A

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Find the interest on naira 40000.00 for 2 years at 20% per annum compound interest. Please I need the answer ASAP

andrey2020 [161]

Given:

Principal value = 40000

Rate of compounded interest = 20%

Time = 2 years

To find:

The interest.

Solution:

Formula for amount is

$A=P\left(1+\dfrac{r}{100}\right)^t$

Where, P is principal, r is rate of interest and t is time in years.

Putting the given values, we get

$A=40000\left(1+\dfrac{20}{100}\right)^2$

$A=40000\left(1+\dfrac{1}{5}\right)^2$

$A=40000\left(\dfrac{6}{5}\right)^2$

$A=40000\left(\dfrac{36}{25}\right)$

$A=57600$

Now, the formula for interest is

$I=A-P$

$I=57600-40000$

$I=17600$

Therefore, the amount of compound interest is 17,600.

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99/36= 11/4= 2.3 is my answer

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a bookshelf holds 4 different biographies and 5 different novels. How many ways can one book of each type be selected?

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Sam bought 6 CDs that were each the same price. Including sales tax, he paid a total of $82.20. Of that total, $4.80 was tax. Wh

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