Question

20. A trader has to get 320,340 from one source
and 317,893 from another source. He has to pay
349,278 to a dealer. Estimate if the amount the
trader gets will be enough to pay the dealer.
please help me ​

Answer 1

Answer:

T I got to h fyftz23889"566842350 66))

Answer 2

Step-by-step explanation:

Principal value, P = $64000

Principal value, P = $64000Rate of Interest, r = 5% annually

• Since, the car is bought on credit, the interest will be compound interest.

• The number of times the interest will be compounded is given to be half yearly ⇒ 2 times in a year , therefore, n = 2

➪ Time, t = 1 and half year year

• Therefore, t = 1.5 years

$\begin{gathered}\sf Amount=Principal\times (1+\frac{rate}{100\times n})^{n\times t}\\\\\sf Amount = 64000\times (1+\frac{5}{100\times 2})^{2\times 1.5}\\\\\sf Amount=64000\times 1.0768\\\\\bf \implies Amount = \ 68921\end{gathered}$

⇒Hence, Rishi has to pay a total of amount = $68921