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Agata [3.3K]
3 years ago
5

(i) Find i in terms of P and A.

Mathematics
1 answer:
Ilia_Sergeevich [38]3 years ago
3 0

Answer:

  • See below

Step-by-step explanation:

<u>Given formula:</u>

  • A=P(1+i/100)^3

(i)

<u>Solve for i:</u>

  • A/P=(1+i/100)^3
  • \sqrt[3]{A/P}=1+i/100
  • \sqrt[3]{A/P} -1=i/100
  • i=100(\sqrt[3]{A/P} -1)

(ii)

<u>P = 2500, A = 2650, find i:</u>

  • i =100(\sqrt[3]{2650/2500} -1)
  • i ≈ 2.0%

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