Answer:
Percentage profit=40%
Step-by-step explanation:
Cost price=120 Naira
Sold price=168 Naira
Profit=Sold price- cost price
=168-120
=48 Naira
Percentage profit=profit/cost price×100
=48/120×100
=0.4×100
=40%
Percentage profit=40%
Answer:
Step-by-step explanation:
If we rewrite it as y=mx+d (which can be taken from here from subtracting ax and c from both sides, then dividing b, resulting in y=(-a/b)(x)-c/b. We can then substitute -a/b for m and -c/b for d), if d=0, then we have m as a constant and as we add a specific number to y (that number being m) every time the x value increases by 1, it therefore forms a straight line. If d is not 0, then we simply add d to every single number - this is still a straight line due to that we still add a specific number to y every time x increases by 1 every single time
Over time, compound interest at any rate will outperform simple interest. When the rates are nearly equal to start with, compound interest will be greater in very short order. Here, it takes less than 1 year for compound interest to give a larger account balance.
In 30 years, the simple interest will be
... I = P·r·t = 12,000·0.07·30 = 25,200
In 30 years, the compound interest will be
... I = P·(e^(rt) -1) = 12,000·(e^(.068·30) -1) ≈ 80,287.31
_____
6.8% compounded continuously results in more total interest
