Answer:
Original sum of money = $2246.51
Step-by-step explanation:
Interest = $96.60
Interest is compounded 6 times in a year ; n = 6
time = 1 year ; Rate of interest (r) = 4.2%
Interest = Future Value - Principal Value ...........(1)
![\text{Future Value = }Principal\cdot (1+\frac{r}{100\times n})^{n\cdot t}\\\\\text{Substituting this value in equation (1) , We get }\\\\Interest=Principal\cdot (1+\frac{r}{100\times n})^{n\cdot t}-Principal\\\\\implies 96.60=Principal[\cdot (1+\frac{4.2}{100\times 6})^{6\cdot 1}-1]\\\\\implies Principal=\$2246.51](https://tex.z-dn.net/?f=%5Ctext%7BFuture%20Value%20%3D%20%7DPrincipal%5Ccdot%20%281%2B%5Cfrac%7Br%7D%7B100%5Ctimes%20n%7D%29%5E%7Bn%5Ccdot%20t%7D%5C%5C%5C%5C%5Ctext%7BSubstituting%20this%20value%20in%20equation%20%281%29%20%2C%20We%20get%20%7D%5C%5C%5C%5CInterest%3DPrincipal%5Ccdot%20%281%2B%5Cfrac%7Br%7D%7B100%5Ctimes%20n%7D%29%5E%7Bn%5Ccdot%20t%7D-Principal%5C%5C%5C%5C%5Cimplies%2096.60%3DPrincipal%5B%5Ccdot%20%281%2B%5Cfrac%7B4.2%7D%7B100%5Ctimes%206%7D%29%5E%7B6%5Ccdot%201%7D-1%5D%5C%5C%5C%5C%5Cimplies%20Principal%3D%5C%242246.51)
Hence, the original sum of money borrowed = $2246.51
If every 5 mins, A makes 1 yo-yo every 10 mins, B makes 1 yo-yo then every 10 mins, both machines produce 3 yo-yos every 10 mins (2 from machine A and 1 from machine B) Therefore, for 20 yo-yos, both machines would take 70 minutes( 1 hour and 10 mins). After 70 minutes, 21 yo-yos would be produced.
Answer:
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Step-by-step explanation:
hope it works out!!!!
