subject
Mathematics, 02.04.2021 16:30 mrashrafkotkaat

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

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 15:00
Pj is decorating pupcakes for rocky's birthday party. her color scheme is black, purple, and green. she will use this spinner to determine the color of sprinkles on each pupcake. which model shows the probability of randomly landing on each color?
Answers: 3
question
Mathematics, 21.06.2019 16:30
Abox of chocolates costs $7. which equation relates the number of boxes sold (x) and total cost of the boxes sold (y)?
Answers: 2
question
Mathematics, 21.06.2019 17:00
The table shows the webster familyโ€™s monthly expenses for the first three months of the year. they are $2,687.44, $2,613.09, and $2,808.64. what is the average monthly expenditure for all expenses?
Answers: 1
question
Mathematics, 21.06.2019 18:00
The swimming pool is open when the high temperature is higher than 20โˆ˜c. lainey tried to swim on monday and thursday (which was 3 days later). the pool was open on monday, but it was closed on thursday. the high temperature was 30โˆ˜c on monday, but decreased at a constant rate in the next 3 days. write an inequality to determine the rate of temperature decrease in degrees celsius per day, d, from monday to thursday.
Answers: 1
You know the right answer?
Mr Chua borrows a sum of money from the bank which charges a compound interest of 4.2% per annum, co...
Questions
question
Mathematics, 28.10.2020 20:10
question
Mathematics, 28.10.2020 20:10
question
Biology, 28.10.2020 20:10
question
Mathematics, 28.10.2020 20:10
question
Mathematics, 28.10.2020 20:10
question
Mathematics, 28.10.2020 20:10