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kati45 [8]
3 years ago
10

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

Mathematics
1 answer:
andrey2020 [161]3 years ago
7 0

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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Answer:

Step-by-step explanation:

Considering the polynomial 2x⁵ + 4x³ - 3x⁸. The polynomial is not yet in standard form. For a polynomial to be in standard form, the power of the variables must decrease as we progress to the right of the expression.

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3 years ago
The Jackson family needs to travel from
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5 0
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Sarah and Kaylee go to the movie theater and purchase refreshments for their friends. Sarah spends a total of $47.00 on 12 drink
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Answer:

1 drink costs \$3.25 and 1 popcorn bag cost \$8

Step-by-step explanation:

Given:

Sarah spends a total of $47.00 on 12 drinks and 1 bag of popcorn.

Kaylee spends a total of $81.75 on 3 drinks and 9 bags of popcorn

Let the price of 1 drink be x

Let the price of 1 popcorn bag be y

Sarah Spends is given by:

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Kayle spends is given by:

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Now putting the value of x in sarah spending equation we get

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4 years ago
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4. Candice has been hired as a saleswoman. She is paid a flat rate of $425 each week and earns an additional $17.75 commission f
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Answer:

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You can describe Candice weekly pay as a first degree function.

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So, we can model the equation of P as a function of n by the following equation:

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Now we just need to solve this equation

993-425 = 17.75n

568 = 17.75n

n = 568/17.75

n = 32

So, to make $993 in one week, Candace must make 32 sales.

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