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julia-pushkina [17]
2 years ago
11

Mr Chua borrows a sum of money from the bank which charges a compound interest of 4.2% per annum, compounded 6.Given that Mr Chu

a had to pay 96.60% in the interest payments at the end of the first year, find the original sum of money borrowed, giving your answer correct to the nearest cent
Mathematics
1 answer:
Inessa [10]2 years ago
4 0

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

Hence, the original sum of money borrowed = $2246.51

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it is D because my teacher and I did a  sample test and these were one of the questions plus i've seen people with the same answer for this question. take my word for it

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2 years ago
Suppose the graph of a cubic polynomial function has the same zeroes and passes through the coordinate (0, –5). Describe the ste
olga_2 [115]
1. "the graph has the same zeros" : so let a be the "triple" root of the cubic polynomial function.

2. So f(x)=(x-a)^{3}

3. Don't forget that the expression might have a coefficient b as well, and still maintain the conditions: 
 
f(x)=b(x-a)^{3}

4. Now, f(0)=-5 so  -5=f(0)=b(0-a)^{3}=b(-a) ^{3}=-ba ^{3}

-5=-ba ^{3}

5=ba ^{3}

b= \frac{5}{ a^{3} }

5. the function is f(x)=\frac{5}{ a^{3} }(x-a)^{3} where a can be any real number except 0
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2 years ago
Read 2 more answers
What value does the 6 represent in the number 240.65
Kobotan [32]

Answer:

000.60

six hundredths

4 0
1 year ago
Three of the angles of a polygon are
Liono4ka [1.6K]

Answer:

three angles of a polygon are each 105.5,the sum of the angles in the polygon is 2520. find each of the other angles if they are equal to each other. For a polygon with n sides and n angles, the sum of the measures of all the interior angles equals (n-2)180 degrees. 16-3=13

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2 years ago
In △ABC,c=71, m∠B=123°, and a=65. Find b.<br><br> A. 101.5<br> B. 117.8<br> C. 123.0<br> D. 119.6
tia_tia [17]

Answer:

Option D

Step-by-step explanation:

The questions which involve calculating the angles and the sides of a triangle either require the sine rule or the cosine rule. In this question, the two sides that are given are adjacent to each other the given angle is the included angle. This means that the angle B is formed by the intersection of the lines a and c. Therefore, cosine rule will be used to calculate the length of b. The cosine rule is:

b^2 = a^2 + c^2 - 2*a*c*cos(B).

The question specifies that c=71, B=123°, and a=65. Plugging in the values:

b^2 = 65^2 + 71^2 - 2(65)(71)*cos(123°).

Simplifying gives:

b^2 = 14293.0182932.

Taking square root on the both sides gives b = 119.6 (rounded to the one decimal place).

This means that the Option D is the correct choice!!!

8 0
2 years ago
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