Asked by lia
TWO YEARS AGO, KIM INVESTED RMP AT HER ACCOUNT WHICH EARNS r% simple interest . after eighteen months , she noticed that the amount had become rm 10450 and today amount is rm 10600 . FIND THE VALUE OF p and r
Answers
Answered by
Steve
p(1+18(r/12)) = 10450
p(1+2r) = 10600
(1 + 3r/2)/(1+2r) = 10450/10600
r = 0.03
now use that in either equation to find p.
p(1+2r) = 10600
(1 + 3r/2)/(1+2r) = 10450/10600
r = 0.03
now use that in either equation to find p.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.