Question

5. What principal will earn $67.52 at 6.75% in 158 days? 6. An investment of $12 000.00 earns an interest of $480.00. Calculate the time in months if the interest rate is 6%. 7. In how many months will $5000 grow to $6000 at 9.5% p.a.?

Answer 1

P-5000 A = 6000 ga 9.5 % t = ? (in months) 4/12 9 - P[1+ In =) t/12 =) 6000 5000 l It 955 ] 100 Alin vilos 109/1095 1000, 1095 7 lu lu Jos t 12 ) 1000 21 ta 12. en (615) en (10%) ~ 24 months. CScanned with CamScanner

0 Pa ? C1 = 67.52 No 6.75 % ta 158 A = pl eat a rgt ( !+ (P +67.52) =P (1+r) P[(140) [(1+ 67.52 = - 11 158 67.521 P 365 (14 6.75 6:75) P = 67.52 158/365 ic It 6.75 100 es 6) $ 2354.35 (2) P- $ 12,000 CI: 480 60% & A = P + c 12 ? Cinmonths) - 12480 À 12480 (2000 [(14.) 1 의 1248 E/12 1200 106 loo t62 t 12 (3) Se en ( 26 ) o ln 12 eu ( 28 38 ) - ta 8 months CSScanned with CamScanner en (6/0)