Find the Amount directly using the formula A= P(1+RT/100)T 1. P= 450 R= 7 percent T= 5 years please give correct answer
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Si = pnr = 450×5×7% = 450×5×0.07 = 157.5
A = p+si = 450+157.5 = 607.5
or:
A = 450(1+ 5×7%)
= 450(1+5×0.07)
= 450(1+0.35)
=450×1.35 = 607.5
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by reducing sp by 100
gain 10% becomes loss 10%
let original cp = x
g% = 10%
sp = x(1+10%) = 1.1x
now sp1 = sp -100 = 1.1x-100
loss % =10%
cp1 = sp/(1-l%) = (1.1x -100)/0.9
but cp does not change
so cp = cp1
1.1x - 100 /0.9=x
1.1x-100 =0.9x
0.2x =100
x =500
original sp = 1.1x = 1.1×500 = 550
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