Answer:
At least 6 shirts should be brought to avail a total reduction of Rs 40.
Step-by-step explanation:
The marked price of each shirt = Rs 28
Discount offered = 25%
So, 25% of marked price 28 =
⇒Reduction on each shirt is Rs 7
Now, total amount reduction needed = Rs 40
So, number of shirts purchased =
= 40 Rs /7 Rs = 5. 71 ≈ 6
So, at least 6 shirts should be brought to avail a total reduction of Rs 40.
Answer:
They need to deposit $31,172.49
Step-by-step explanation:
The compound interest formula is given by:
Where A is the amount of money, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time the money is invested or borrowed for, in years.
In this problem
We want to find P for which when
So
They need to deposit $31,172.49