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Vanyuwa [196]
3 years ago
7

What’s the answer to this pls?

Mathematics
1 answer:
Andrews [41]3 years ago
7 0

Answer:

(0, 1 x 5)

A. (0, 5) I think

Step-by-step explanation:

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Answer:

The rate of interest is 20% and the sum is $3,750

Step-by-step explanation:

In order to calculate the sum and rate of interest we would have to make the following calculation:

rate of interest= (sum in 4 years-sum in 3 years)*100/sum in 3 years*1

According to the given data we have the following:

sum in 4 years=$7,776

sum in 3 years=$6,480

Therefore, sum in 4 years-sum in 3 years=$7,776-$6,480=$1,296

Therefore, rate of interest=$1,296*100/$6,480*1

rate of interest=20%

To calculate the sum we would have to make the following calculation:

FV=PV(1+20%)∧3

$6,480=PV(1,20)∧3

PV=$3,750

Sum is $3,750

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