dheepty0103
dheepty0103 dheepty0103
  • 02-06-2021
  • Mathematics
contestada

Mike borrowed a sum of rs 9450 for 5 years at a rate of 6% per year. calculate the total amount that he had to pay.

Respuesta :

Ankit
Ankit Ankit
  • 02-06-2021

A =?

P= 9456

r = 6% = 0.06

t = 5 yrs

Formula

A= P(1+r)^t

A= 9456×1.06⁵

A = 12646.23

the total amount that he had to pay was 12646 rs

Answer Link

Otras preguntas

Which is considered a scientific observation?
What are the reactants of photosynthesis? What are the products?
Several key people were involved in programming-language development in the 1970s and 1980s
12 years ago, Catherine deposited $200 in a savings account that pays 7.25% simple interest. What is the balance in Catherine’s account?
In social learning, which of these characters would be considered as an example of a symbolic model?
Which graph shows the solution to the system of linear inequalities? x+5y>=5. y<=2x+4
A map shows a town with a area of 3.5 square inches. if the map has a scale of 1 inch : 4 miles, what is the actual area of the town?
18 bikes, 9 have gears (G), 11 have suspension (S) and 5 with both,What is the probability that a bike with suspension or gears? Make a two-way table to help y
All three springs show the same relationship between the weight and extension what is relationship tick one box
how do people start alcohol consumption​