Mr chua borrows a sum of money from the bank which charges a compound interest of 4.2% per annum, compounded 6.given that mr chua had to pay 96.60% in the interest payments at the end of the first year, find the original sum of money borrowed, giving your answer correct to the nearest cent

Original sum of money = $2246.51

Step-by-step explanation:

Interest = $96.60

Interest is compounded 6 times in a year ; n = 6

time = 1 year ; Rate of interest (r) = 4.2%

Interest = Future Value - Principal Value ...........(1)

Hence, the original sum of money borrowed = $2246.51

3201

step-by-step explanation:

  y= -3x is the required function.

step-by-step explanation:

we have been given a table:

x             y

0             0

1             -3

3             -9

-2             6

we can see that the values of y is -3 times the value of x

hence, the function would be: y= -3x.

put the values of x will give the same y as in the table that means function is satisfying the given table.