please solve 4 and 5 problems
Attachments:
Answers
Answered by
1
4)P=7,500
R=4%
T=3 Yrs
Compound interest formula =p(1+r/100)t,its p 1 + r by 100 t sq.
So,7500(1+4/100)3
7,500(1+1/25)3
7500(26/25)3
7500*26/25*26/25*26/25,,,,, as its cube and not 3
8436.48(simplified)
so,8436.48 is amount and compoud intrest = a-p
so,8436.48-7,500=936.48
so,the compound interest is 936.48
5)Simple iterest=PTR/100
p=30,000
r=7%
n=3 Yrs
so,30,000*7*3/100
therefor simple interest will be 6300
and compound interest
30000(1+7/100)3
30000(107/100)3
30000*107/100*107/100*107/100
96,300 simplified
so,a-p
96,300-30,000=66,330
but this you have to do by yourself
R=4%
T=3 Yrs
Compound interest formula =p(1+r/100)t,its p 1 + r by 100 t sq.
So,7500(1+4/100)3
7,500(1+1/25)3
7500(26/25)3
7500*26/25*26/25*26/25,,,,, as its cube and not 3
8436.48(simplified)
so,8436.48 is amount and compoud intrest = a-p
so,8436.48-7,500=936.48
so,the compound interest is 936.48
5)Simple iterest=PTR/100
p=30,000
r=7%
n=3 Yrs
so,30,000*7*3/100
therefor simple interest will be 6300
and compound interest
30000(1+7/100)3
30000(107/100)3
30000*107/100*107/100*107/100
96,300 simplified
so,a-p
96,300-30,000=66,330
but this you have to do by yourself
Sharvan10102:
oops sorry it's 63,000 in SP and the difference between them is 66,300-63,000 its 3,300
Similar questions