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

is the simplified form of 2√3 - 2√3 rational?
The cafeteria at midtown middle school surveyed 575students about the favorite food.Find the number of students that responded for each of the following...
What happened after Wu Zhao’s death?
What are subplots from the book Where the Red Fern Grows that were removed in the 2003 movie? PLEASE HELP ME!!!!!
who does this description describe? Influenced by the chaotic times in which he lived, this scholar wanted to bring good government and stability to the people.
Your auto insurance policy has a $200 monthly premium and $700 deductible. What is the maximum amount you will have to pay out-of-pocket for a car accident befo
The length of a rectangular room is 7 less than three times the width,w, of the room. Write a simplified expression to represent the perimeter and a simplified
What is the island groups that belong to Micronesia?
Suppose you are finding 296/4 using partial quotients. Is 50 or 70 a more reasonable partial quotient? Explain.
What makes South!, a memoir by Ernest Shackleton, fall under the nonfiction genre