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dimulka [17.4K]
2 years ago
5

Mr. Chan places $4000 in a bank as a fixed deposit for 2 years. The bank offers an interest compounded yearly. At the end of 2 y

ears, he receives a total of $4243.60. Find the interest rate.
Mathematics
1 answer:
serious [3.7K]2 years ago
3 0

Answer:

Step-by-step explanation:

Mr. Chan originally placed 4,000 in the bank as a fixed deposit for 2 years.

Each years the bank added a certain amount of interest.

At the end of the 2 years he gained 243 dollars and 60 cents just from interest.

How to solve:

Simply take away the 4 in the amount of money

Leaving: $243.60

( 2 years )

Now divide 243.60 by 1/2

which is 121.8

Mr.Chan got 121.8 worth of interest a year

$10.5 a month

$2.3 a week

6 cents a day

All in 2 years.

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(C) "having a deep fondness for border collies and  therefore overestimating them"

While acknowledging that "dogs may be noble, charming, loyal, and dependable," the author of Passage 1 speculates that they might not have "earned those extra intellect points." In contrast, the author's admiration for dogs may lead one to believe that the depiction of "pure intelligence shining in the face of a border collie" in lines 63–67 is exaggerated.

The answer is not (A). Passage 1's author would probably assume that Passage 2's author has a strong emotional bond with dogs. (B) is the wrong answer. The subjective assessment of canine intellect is shown in lines 63–67. They don't imply that the author of Passage 2 has in-depth understanding of the relevant studies.

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It would be harsh to assert that the author of Passage 2 has a limited understanding "of what constitutes intelligence" despite the fact that the two authors may hold different opinions on the degree to which dogs are able to reason.

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1 year ago
How to put 49% as a fraction in simplest form
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