Answer:
The interest generated the first year will be 10% of the principal value, while the second year said interest will be 10.25%.
Step-by-step explanation:
Given that a person deposits Rs 55000 in Bank P for 2 years at the rate of 10% per annum compounded annually, but after one year, bank has changed the policy and decided to pay semi annual compounded interest at the same rate, to determine what is the percentage difference between the compound interests of the first year and second year, the following calculation must be performed:
Year 1 =
55,000 x (1 + 0.1 / 1) ^ 1x1 = X
55,000 x 1.1 = X
60,500
Year 2 =
60,500 x (1 + 0.1 / 2) ^ 1x2 = X
60,500 x 1.05 ^ 2 = X
66,701.25 = X
55,000 = 100
60,500 = X
60,500 x 100 / 55,000 = X
110 = X
60,500 = 100
66,701.25 = X
66,701.25 x 100 / 60,500 = X
110.25 = X
Therefore, the interest generated the first year will be 10% of the principal value, while the second year said interest will be 10.25%.
Answer:
$14.04
Step-by-step explanation:
13 + 1.04 = $14.04
1/10 you find a common denominator and add them together which is 36 and simplify it down
Answer:
Step-by-step explanation:
We are solving for 
in the equation:
First, isolate the variable term by subtracting 
from both sides of the equation:
Now, divide both sides of the equation by the coefficient of :
This solution for , as a decimal, would be non-terminating. If you divided 
into 
, you would get the non-terminating decimal of:
Therefore, our solution is:
-
We can check our solution by substituting 
for in the initial equation:
Substitute:
Simplify 
:
Add:
Since both sides of the equation are equal, our solution is correct!
I can’t see the table, more info plz
