$\\[Looking at the relationship of the numbers in the table, we can see which ones will work right off the bat.]\\[Our first numbers are both zero, so we cant do anything significant there.]\\[Next row, however, we can start doing the process of elimination.]\\\left[\begin{array}{ccc}1&2\\2&4\\3&6\\4&8\\5&10\end{array}\right]\\ \\[After plugging in the formulas to see if they're true, the only one that works every time is V=2c.]\\[That is your answer.]$

6 0

3 years ago

Banabas must pay his ex-wife an amount of R350 000 in two years’ time. Calculate the amount that he must invest today to have th

White raven [17]

Answer:

He must invest R297 521 today.

Step-by-step explanation:

The compound interest formula is given by:

$A(t) = P(1 + \frac{r}{n})^{nt}$

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.

Banabas must pay his ex-wife an amount of R350 000 in two years’ time.

This means that $t = 2, A(t) = 350000$