1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Stu counted the lines of a page in his book. Counting by three gave a remainder of 2, counting by fives also gave a remainder of
nirvana33 [79]
47 

6*7=42
15*3=45
9*5=45
6 0
3 years ago
Consider the polynomial equation x(x -3)(x +6)(x -7)=0. Which of the following are zeros of the equation? Select all that apply.
grigory [225]
(0,0), (3,0), (-6,0), and (7,0)
4 0
3 years ago
Plsss I need help it’s due today at 2:00 I’ll reward brainiest it’s super easy
Soloha48 [4]

Answer:

1/3

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
What is the length of the hypotenuse? If necessary, round to the nearest tenth.
andre [41]

Answer:

7 feet

Step-by-step explanation:

Pythagorean theorem

sqrt(4.5^2 + 5.3^2) = hypotenuse

sqrt(48.34) = hypotenuse

6.95269732 = hypotenuse

round to nearest tenth

7 feet = the length of the hypotenuse

5 0
3 years ago
a square lawn has a perimeter of 36 meters and a circular exercise run has a circumference of 36 meters which shape will give ri
neonofarm [45]

Answer:

The square lawn.

Step-by-step explanation:

This is because a perimeter of 36 meters means that it is 81 ft^2 of total area.

A circle of 36 meters means that it would be 36/2\pir, which would be smaller that 81 ft^2.

4 0
3 years ago
Read 2 more answers
Other questions:
  • The ratio of 1/2 to 3 is equal to the ratio of 5 to what number​<br><br><br><br>plz halp ;(
    5·1 answer
  • Two linear functions f(x) and g(x) are graphed on the same coordinate plane. The graphs of the functions are parallel where f(x)
    9·1 answer
  • Which is the graph of y&lt;2x-1
    15·1 answer
  • what is the approximate volume of a cylinder with a radius of 4 centimeter and height of 5 centimeters 62.8 , 251.2 , 1004.8
    11·2 answers
  • Solve the equation. z/32 + 5/8 =13/16<br><br> True Or false, And why?
    14·2 answers
  • Solve (3)/(?)=(6)/(8)
    14·2 answers
  • what is the tenth term of the geometric sequence that has a common ratio of 13 and 36 as its fifth term
    7·1 answer
  • He charges $15 per hour to mow lawns and $20 per hour for gardening.
    13·1 answer
  • Pls help! What is the range in interval notation?
    9·1 answer
  • What effect does the repetition of the word louder have on the passage?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!