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3 years ago

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debt A sum of $80000 cam Rs 31000 due in 3 years and a debt of Rs 2000 due in 4 years is to be Paid by single payments 4 years h

ence, Let the current rate of interest be 5% per annum and be compounded annually What should be the single payment due?

1 answer:

Gennadij [26K]3 years ago

5 0

Answer:

551.25

im sorry if its wrong

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3 years ago

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Answer:

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1 - Give the blank a variable

x = our blank

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$\frac{5}{7}(\frac{6}{6}) +\frac{x}{6}(\frac{7}{7}) = \frac{51}{42} \\\frac{30}{42}+\frac{7x}{42} = \frac{51}{42}$

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