a person buys a washing machine in the condition that he shall pay sum of INR 5880 at the cash down payment and the same sum at the end of the first year and two years. what is the total interest paid by him in this scheme, if the rate of interest is 5% compounded yearly?​

Answers

Answer 1

Answer: $827

Step-by-step explanation:

Given that :

Cash down payment = 5880

Payment at end of first year = 5880

Payment at end of second year = 5880

Interest rate = 5% = 0.05 compounded yearly

Let purchase amount = y

Amount left after cash down = amount on which interest is paid = y - 5880

Interest at end of first year :

(y - 5880) * 0.05 = 0.05y - 294

Amount to pay plus interest :

Amount left after cash down payment - amount paid at end of first year + interest

y - 5880 - 5880 + 0.05y - 294

y - 12054 + 0.05y

= 1.05y - 12054

2nd year interest :

(1.05y - 12054) * 0.05

= 0.0525y - 602.7

Amount left + interest = 2nd year payment

(1.05y - 12054) + (0.0525y - 602.7) = 5880

1.1025y - 12656.7 = 5880

1.1025y = 5880 + 12656.7

1.1025y = 18536.7

y = 18536.7 / 1.1025

y = 16813.33

Hence,

Sales price of washing machine = 16813.33

Total amount paid = (5880 + 5880 + 5880) = 17640

Interest paid = $(17640 - 16813.33) = $826.67

= $827

Answer 2

The total interest paid by him in this scheme, if the rate of interest is 5% compounded yearly is INR 826.67

Given:

Down payment = INR 5880

Payment at end of first year = INR 5880 (same as down payment)

Payment at end of second year = INR 5880 (same as down payment)

Interest rate = 5%

= 5/100

= 0.05 compounded yearly

Amount of purchase = x

Amount remaining after down payment

= x - 5880

Interest at end of first year :

(x - 5880) * 0.05(5,880)

= 0.05x - 294

Amount to pay plus interest = Amount remaining after down payment - amount paid at end of first year + interest

= x - 5880 - 5880 + 0.05x - 294

= x - 12,054 + 0.05x

= 1.05x - 12,054

2nd year interest :

(1.05x - 12054) * 0.05

= 0.0525x - 602.7

Amount left + interest = 2nd year payment

(1.05x - 12054) + (0.0525x - 602.7) = 5880

1.1025x - 12656.7 = 5880

1.1025x = 5880 + 12656.7

1.1025x = 18536.7

divide both sides by 1.1025

x = 18536.7 / 1.1025

x = 16,813.33

Therefore, The cost of washing machine b is INR 16,813.33

Total amount paid = (5880 + 5880 + 5880) = INR 17,640

Amount of Interest paid = (17640 - 16813.33)

= INR 826.67

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Related Questions

There are 30 flowers 2/5 are daisies 1/6 are roses the rest are carnations may many carnations are in the vase

Answers

Answer:

14

Step-by-step explanation:

If you add 2/5 of 30 (12) to 1/6 of 30 (5) you get 16. You then subtract 30-16! I hope this helps, and have a great day!

Which is a statistical question?

Question 1 options:

How many even numbers are there between 10 and 20?

How many letters are in the word "octopus"?

How many minutes does it take to travel to school?

Answers

Answer:

How many minutes does it take to travel to school?

Step-by-step explanation:

A statistical question means you expect variability in the responses.

For instance, if you look at the first question, there's only 1 answer, so there's no variability. If you look at the second question, there's also only 1 answer.

Answer: Choice C

How many minutes does it take to travel to school?

======================================================

Explanation:

Choice A is not a statistical question because we don't need to use statistics to find the answer. We simply count out the number of even numbers between 10 and 20. There's no need to draw a random sample of elements and do statistical analysis.

The same goes for choice B as well. There are 7 letters in this word and this value does not fluctuate/change.

Therefore we rule out choices A and B.

Choice C on the other hand has its answer vary depending on which person you ask. If you ask enough people, then you can find the average number of minutes, which is one tool to do statistics. This variable is considered a random variable (RV).

The denominator for the improper fraction represented by the shaded area is .....

Answers

Answer:

4/3 is the fraction / the denomonator would then be 3

Step-by-step explanation:

4 shaded on the top and 3 shaded on the bottom. The numerator is on the top and the denomonator is on the bottom.

Find the product 3 2/5 and 5/8. Express answer in simplest form

Answers

Answer:

2 1/8

Step-by-step explanation:

Hope this helps!!

Answer: 2.125

Step-by-step explanation: 3.4 x 5/8 = 2.125

4pounds of tomatoes for 6 dollars what was the cost per pound of tomatoes

Answers

Answer:

$1.50

Step-by-step explanation:

Answer:

x = $1.50; The cost per pound of tomatoes is $1.50

Step-by-step explanation:

We can the cross method.

4 pounds = $6

1 pound   = x

4x = 6*1

4x=6

4x/4 = 6/4

x= 1 1/2 or $1.50

x = $1.50

The cost per pound of tomatoes is $1.50

Hope this helps!

What is the volume I need some help

Answers

your answer is 64cm

thats it

A cube made out of lead has a mass of 12 grams. A side of the cube has length 1 cm. What would be the mass of the cube whose sides have length 1.5 cm?

Answers

Answer:

The mass of a lead cube whose side have length 1.5 cm is 40.5 grams

Step-by-step explanation:

1. Let's review the information given to

1. Let's review the information given tous to answer the question correctly:

1. Let's review the information given tous to answer the question correctly:Mass of the cube made out of lead = 12

= 12grams

Side of the cube = 1 cm

2. What would be the mass of a lead

What would be the mass of a leadcube whose sides have length 1.5 cm?

What would be the mass of a leadcube whose sides have length 1.5 cm?For answering the question, let's

What would be the mass of a leadcube whose sides have length 1.5 cm?For answering the question, let'scalculate the volume of the cube and

What would be the mass of a leadcube whose sides have length 1.5 cm?For answering the question, let'scalculate the volume of the cube andthen its density, this way:

Volume = Height* Width * LengthVolume=1*1*1Volume =1 cm

Let's recall the formula of the density:

Density Mass/Volume, therefore:

Density of the lead = 12/1= 12 gr/cm

Now, let's calculate the volume of the

Now, let's calculate the volume of thesecond cube:

Volume = Height Width LengthVolume = Height Width LengthVolume 1.5 * 1.5 1.5Volume = Height Width LengthVolume 1.5 * 1.5 1.5Volume =3.375 cm3

Finally, let's calculate the mass, using

Finally, let's calculate the mass, usingthe density of the lead we already

Finally, let's calculate the mass, usingthe density of the lead we alreadyknow:

Density = Mass/Volume12 Mass/3.37512 Mass/3.375Mass 12 *3.37512 Mass/3.375Mass 12 *3.375Mass = 40.5 gramss

Which choice is the equation of the line that passes through the point (5, 19) and has a slope of m =12 and is written in slope-intercept form? ​

Answers

Answer:  y = 12x - 41

Step-by-step explanation:

The choices are not given, but you can figure this out.

Slope intercept form is y = mx + b

Substitute the y and x-values into the equation to calculate b, the y-intercept.

19 = 12(5) + b

19 = 60 + b

-60 + 19 =b

-41 = b

Write the equation with y and x, include the given slope and the calculated y-intercept:

y = 12x + 41

consider the line y=7-7x what is the slope of a line parallel to this line

Answers

Answer:

Step-by-step explanation:

Slope of the given line = -7

parallel: slope = -7

perpendiculr: slope = -1/(-7) = 1/7

Find the volume of the triangular prism?

Answers

Answer:

i not understand this question plase ask full question

Amy and Zach each have 24 feet of fencing for their rectangular gardens. Amy makes her fence 6 feet long. Zach makes his fence 8 feet long. Whose garden has the greater area? How much greater?

Answers

Answer:

Amy by 4 feet

Step-by-step explanation:

Look above for explanation


Jennifer had to finish 3 assignments during the week.
She completed the first assignment in 3 1/2 hours. The
second assignment took 1/2 hours lesser while the third
assignment took 2 1/2 hours more than the first. How
much time did it take her to complete the
assignments.

Answers

Answer:

6 1/2 hours

Step-by-step explanation:

3 1/2 + 1/2 + 2 1/2

4 + 2 1/2

6 1/2

First add the 3 1/2 and the 1/2 together to get 4. Then you add the 2 1/2 to the 4 to get 6 1/2. :)

Hope this helped!

Have an amazing day!!

PLEASE RATE!!

Answer: 12hrs 30mins

Step-by-step explanation: 3hrs 30mins + 3hrs + 6hrs = 12hrs 30mins

Hope that helps!

Which graph represents -3x+5y=-15?

Answers

Answer:

It's a straight line

Step-by-step explanation:

The line has a slope of 3/5 and a y-axis crossing of -3

jackson wants to divide a 3/4 - pound box of trail mix into small bags will hold 1/12 pound of trail mix. how many bags of trail mix can jackson fill?

Answers

Answer:

9 bags of trail mix

Step-by-step explanation:

help please!

The graph shows two accounts with the same principal and annual interest rate. Use the graph to estimate the answer to each question.

About how much more compound interest than simple interest is earned after 35 years? Remember to show your work.
About how much more compound interest than simple interest is earned after 45 years?
Remember to show your work.

Answers

After 35 years the simple interest is $600 while the compound interest is $860, while after 45 years the simple interest is $700 while the compound interest is $1160

What is interest?

Interest is the amount of money made from investing a particular amount of time over a certain period of time. Interest can either be simple or compound.

From the graph given below:

After 35 years the simple interest is $600 while the compound interest is $860, while after 45 years the simple interest is $700 while the compound interest is $1160

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1/7of21 what is answer

Answers

3

Step-by-step explanation:

1/7 of 21

=1/7 ×21

=1×3

= 3

Please mark my answer the brainliest and rate me 5 star and follow me.

please please please please please please

1,4,5,9,14,23 what a situation

Answers

Answer:

If you are asking for the median, it's 9.

explanation:

Find the middle number and round it up. That is how to find median.

What is 5 x 9 the answer

Answers

Answer:

5 x 9 is 45

Step-by-step explanation:

just is loll

Assume that when adults with smartphones are randomly​ selected,41 ​% use them in meetings or classes. If 5 adult smartphone users are randomly​ selected, find the probability that exactly 2 of them use their smartphones in meetings or classes.

Answers

Answer:

0.345

Step-by-step explanation:

Use binomial probability:

P = nCr pʳ qⁿ⁻ʳ

where n is the number of trials,

r is the number of successes,

p is the probability of success,

and q is the probability of failure (1−p).

n = 5, r = 2, p = 0.41, and q = 0.59.

P = ₅C₂ (0.41)² (0.59)⁵⁻²

P = 0.345

3 people share 7 brownies how many brownies should each person get? Pls show your work​

Answers

=> 3 people share 7 brownies

=> 7 ÷ 3

=> 2.3333333

=> 2.3

Therefore, each person takes 2 1/3

Answer:

2 ⅓  

Step-by-step explanation:

division is the same as a fraction

the dividend is the numerator and the divisor is the denominator

7÷3 is the same as 7/3

change 7/3 into a mixed number which is 2 ⅓  

find the x and y intercept of the graph of -9x+3y=12

Answers

Step-by-step explanation:

by graph method

x = -b/2a

b = 3, a = -9

x = -3/-18

x = 1/6

back to the equation to substitute

-9x + 3y = 12

-9(1/6) + 3y = 12

- 3/2 + 3y = 12

-3 + 6y = 24

6y = 27

y = 9/2

x = 1/6, y = 9/2

Jack has 24 game cards. He divides them between his brother, his sister, and himself in the ratio 2:1:5.
How many cards does each get?

Answers

Answer:

brother gets 6 cards

sister gets 3 cards

he gets 15 cards

Step-by-step explanation:

this can be rewritten as

2x + x + 5x = 24

combine like terms

8x = 24

divide both sides by 8

x = 24/8

x = 3

now, multiply x by each part of the ratio.

his brother = 2 * 3 = 6

his sister = 1 * 3 = 3

himself = 5 * 3 = 15

Given that f(x) = x2 + 12x + 35 and g(x) = x + 7, find (f:g)(x) and express
the result in standard form.

Answers

Answer:

x^3+19x^2+119x+245

Step-by-step explanation:

The required value of function (f:g)(x) would be (x + 5) which is the ratio of function f(x) and g(x).

What is a quadratic equation?

The quadratic equation is defined as a function containing the highest power of a variable is two.

Given that f(x) = x² + 12x + 35 and g(x) = x + 7

As per the question,

⇒ (f:g)(x) = (x² + 12x + 35) : (x + 7)

⇒ (f:g)(x) = (x² + 12x + 35) / (x + 7)

Solve the above quadratic equation, and we get

⇒ (f:g)(x) = (x² + 5x + 7x + 35) / (x + 7)

⇒ (f:g)(x) = x(x + 5) + 7(x + 5) / (x + 7)

⇒ (f:g)(x) = (x + 5)(x + 7) / (x + 7)

⇒ (f:g)(x) = (x + 5)

Therefore, the required value of function (f:g)(x) would be (x + 5).

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Please help ASAP PLEASE I NEED HELP

Answers

Answer:

4/9

Step-by-step explanation:

find common denominator which is 9

1/9 + 3/9 (I change the numerator because since we multiplied the bottom you do the top)

now add

1/9 + 3/9 = 4/9

hope that helps and makes since

Answer: 4/9

Step-by-step explanation: 1/9 + 1/3(which is 3/9) = 4/9.

Solve 6x<90. Graph the solution

Answers

Answer:

image is attached (shaded area is where x could be)

Step-by-step explanation:

[tex]6x < 90[/tex]

divide both sides by 6

[tex]x < 15[/tex]

this means x is strictly less than 15

The water level at a pier is modeled by the function y= 2.5 cos(2pi/12.5) +12, where y represents the water level measured in meters, and x represents the number of hours since the last high tide. After how many hours is the water first expected to reach a depth of 12 meters? Round to the nearest tenth of an hour.

ANSWER CHOICES
1.6 hours
3.1 hours
14.4 hours
19.6 hours

Answers

Answer: 3.1 hours

Step-by-step explanation: Just took the quiz on edg.

  Water will reach a depth of 12 meters after 3.1 hours approximately.

   Function representing the level of water by 'y' and number of hours by 'x' is,

[tex]y=2.5\text{cos}(\frac{2\pi x}{12.5})+12[/tex]

For y = 12 meters, (Substitute the value of y)

[tex]12=2.5\text{cos}(\frac{2\pi x}{12.5})+12[/tex]

[tex]12-12=2.5\text{cos}(\frac{2\pi x}{12.5})[/tex]

[tex]\text{cos}(\frac{2\pi x}{12.5})=0[/tex]

[tex]\frac{2\pi x}{12.5}=\frac{\pi }{2}[/tex]   (Since, [tex]\text{cos}(\frac{\pi }{2})=0[/tex])

[tex]\frac{\pi x}{12.5}=\frac{\pi }{4}[/tex]

[tex]x=\frac{\pi }{4}\times \frac{12.5}{\pi}[/tex]

[tex]x=3.125[/tex]

[tex]x\approx3.1[/tex] hours

    Therefore, water will reach a depth of 12 meters after 3.1 hours approximately.

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Frederick, Josiah, and Shawnda each had 2 rolls of raffle tickets with 12 tickets in each roll.

Josiah hands out half of his tickets and Shawnda hands out one fourth of her tickets.

How many tickets do they have left altogether?

Answers

Answer:

they all have 52 left altogether

Step-by-step explanation:

they all have 2 rolls with 12 so that means they all have 24 if josiah hands out half of his tickets he would have 12 tickets left

If shawnda hands out 1 fourth of her tickets she will have 18 tickets

24 + 12 + 18 =54

Suppose a dilation of ΔUVW by scale factor of 1 4 , centered at the origin. Which new vertices are correct? A) U′(−2, −1) B) U′(−1, −2) C) V′(1, −1) D) V′(−1, 1) E) W′(−2, 2)

Answers

Answer:

you probably already have it. the answer is : A,C,E

Step-by-step explanation:

Trust me-

need help with geometry problem

Answers

BCD, because the largest side of a triangle is opposite to the largest interior angle.
Pls mark me as the Brainliest as I really need it!

Answer:

D, B, C

Step-by-step explanation:

Because even though this is not a right triangle, it's super close. Therefore we can call side DC the SL, meaning angle C is larger. Angle D is largest, then B, then C.

Anita earned a 74, 85, and 84 on her first three biology exams. What is the minimum score she needs to get on the fourth test in order for her average exam score to be 82?

Answers

Answer:

85

Step-by-step explanation:

82×4=328

328=74+85+84+x

x=328-74-85-84

x=85

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