Answer:
She did not qualify the exam.
Step-by-step explanation:
Given data
Total no of question in a test = 20
No. of question answered correctly = 16
Percentage of question answered correctly
But in order to get in the exam the student must have to score at least 90 %. But she got only 80 % so she did not qualify the exam.
The amount to be paid after 3 years is $23,329.97.
<h3>What is Compound Interest?</h3>In order to compute compound interest, multiply the principle of the original loan by the annual interest rate multiplied by the number of compound periods minus one. You will then be left with the principal amount of the loan plus compound interest.
Given:
P= 20,000
r= 5.2%
t= 3 years
r = R/100
r = 5.2/100
r = 0.052 rate per year,
Now, solve for A
A = P
A = 20,000.00
A = 20,000.00
A = $23,329.97
Learn more about Compound interest here:
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