A cycle is marked at ₹ 4500 and sold for rupees ₹4185 padma said that the discount percentage is 7 % do you agree ? give reasons
1 answer:
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Answer:
Adam should invest $15516 after 18 years.
<u>Explanation:</u>
Given:
Amount(18) = $20000
Rate of Interest, r = 1.41%
Time, t = 18 years
n = 365 (compounded daily)
General equation of amount that is compounded daily:
Solving for A₀:
Substituting the values:
Therefore, Adam should invest $15516 after 18 years.
What the composite function in the question is actually trying to explain is;
First of all, in the function , we will find a result by writing
where we see the letter
.
We will write this result in the function where we see the letter
and we will get the result.