Hiran invests 20 000 rupees in an account for 3 years at 1.5% per year compound interest.Work out the total amount of money in the account at the end of 3 years.
Give your answer to the nearest rupee.
Answers
Answer:
There will be 20 914 rupees in the amount at the end of 3 years.
Step-by-step explanation:
The amount of rupes after t years in compound interest is given by:
In which A(0) is the initial amount and r is the interest rate, as a decimal.
Hiran invests 20 000 rupees in an account for 3 years at 1.5% per year compound interest.
This means that . So
Work out the total amount of money in the account at the end of 3 years.
This is A(3). So
Rounding to the nearest rupee.
There will be 20 914 rupees in the amount at the end of 3 years.
Final answer:
Hiran invested 20 000 rupees at 1.5% compound interest for 3 years. By applying the formula for compound interest, the total amount in the account at the end of 3 years would be approximately 20747 rupees.
Explanation:
The subject of this question is compound interest. The formula for calculating compound interest is A = P(1+ r/n)^(nt), where 'A' is the amount of money accumulated after n years, including interest. 'P' is the principal amount (the initial amount of money), 'r' is the annual interest rate (in decimal), 'n' is the number of times that interest is compounded per year, and 't' is the time the money is invested for in years.
In the given problem, Hiran has invested a principal amount of 20 000 rupees for 3 years at an annual interest rate of 1.5%. So, here P=20 000, r=1.5/100=0.015 (since 1.5% = 1.5/100 = 0.015), n=1 (since it is annually), and t=3.
By substituting these values into the formula, we get A = 20 000(1+ 0.015/1)^(1*3) which results in approximately 20747 rupees. This denotes the total amount in the account at the end of 3 years.
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Related Questions
The dot plot below shows the hourly rate of some babysitters in a city:A number line is shown from 1 dollar to 7 dollars in increments of 1 dollar for each tick mark. The horizontal axis label is Dollars per hour. There are 3 dots above 4 dollars, 2 dots above 5 dollars, 4 dots above 6 dollars, and 1 dot above 7 dollars. The title of the line plot is Babysitting Rates. Which statement best describes the shape of the data? It is symmetric and has a peak at $7.00. It is not symmetric and has a peak at $6.00. It is a cluster from $1.00 to $7.00 and has gaps. It is a cluster from $1.00 to $7.00 and has no gaps.
NEED HELP WITH MATH! Will Give brainliest!
A segment has endpoints A (-1, 1) and B (8, 4) .If the segment is divided into four equal parts, the coordinates of the point closest to point A are _____?
Off the production line, there is a 4.6% chance that a candle is defective. If the company selected 50 candles off the line, what is the standard deviation of the number of defective candles in the group?
72 (x +4)
Answers
Answer:
72x + 288
Step-by-step explanation:
You would multiply 72 with (x + 4), which would leave you with 72x + 288. The value of x would be 72 i think
Answers
Answer:
hello! :)
-167
Answer: 167
Step-by-step explanation:
First get X by itself.
substract 27 to each side
194=27-x
194= 27 -27 -x
194 - 27 = X
X= 167
-8x - 6y = 6
Answers
Answer:
x=0 y=-1
Step-by-step explanation:
16x-10y=10
-8x-6y=6 *2 -16x-12y=12
16x-10y=10
-16x-12y=12
-22y=22 Add it together
y=-1
-8x-(6*(-1))=6
-8x+6=6
x=0
2. 10(1+1)
3. 3(6+1)
4 5(3+5)
Answers
Answer:
the answer is number 3. 3 ( 6+1 )
Hope this helped
Answers
Answer:
= 0.714 (in decimal fraction)
The probability that the death in 2014 was not caused by heart diseases or Unintentional Injuries = 0.714
= 0.714
Step-by-step explanation:
Let's interpret the question our way ti solve it .
Total deaths in 2014:
2626418
Death caused by Heart Diseases:
614348
Death caused by Unintentional Injuries:
750401
Therefore, we can deduced that, the number of death not caused by Heart Diseases or Unintentional Injuries = Total deaths in 2014 minus sum of the recorded death.
= 2626418 - ( 614348 + 136053)
= 2626418 - 750401
= 1876017.
Now, the probability that there were death in 2014 is 1 (one)
To find the probability that death we're not caused by heart diseases or Unintentional Injuries:
= 1 - Pr (Death Caused by heart diseases) + Pr (Death causes by Unintentional Injuries)
= 1 - (0.234 + 0.052)
= 1 - 0.286
= 0.714
To Check:
= 1876017 / 2626418
Divide to the lowest term
=0.714
The probability that a death in 2014 was not caused by diseases of the heart or unintentional injuries is approximately 0.714 or 71.4%.
Here, we have to find the probability that a death in 2014 was not caused by diseases of the heart or unintentional injuries, we need to subtract the number of deaths caused by these two specific causes from the total number of deaths and then divide it by the total number of deaths.
Total number of deaths in 2014: 2,626,418
Number of deaths caused by diseases of the heart: 614,348
Number of deaths caused by unintentional injuries: 136,053
Number of deaths not caused by diseases of the heart or unintentional injuries = Total deaths - Deaths caused by diseases of the heart - Deaths caused by unintentional injuries
Number of deaths not caused by diseases of the heart or unintentional injuries = 2,626,418 - 614,348 - 136,053
Number of deaths not caused by diseases of the heart or unintentional injuries = 1,876,017
Now, we can calculate the probability:
Probability = Number of deaths not caused by diseases of the heart or unintentional injuries / Total number of deaths
Probability = 1,876,017 / 2,626,418
Probability ≈ 0.714 (rounded to three decimal places)
So, the probability that a death in 2014 was not caused by diseases of the heart or unintentional injuries is approximately 0.714 or 71.4%.
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please faster
integers
class 7
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Answers
350x-14x
Simplify:
335x
Answer: I think it is 336x but tries it