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Mathematicians In The House, Please Help - Education - Nairaland

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Mathematicians In The House, Please Help by nonsoo12(f): 9:09pm On Feb 10, 2023
1. Find the compound interest on N3500 for 4 years at 5% per annum
2. A man shared 360 goats among his three sons in the ratio 3:4:5. How many goats does each get?
3. If a father is 80years and his son is 50 years. Find the ratio of (i) father to son's age (ii) son to father's age

Its a bit urgent. I'll appreciate it if the formular for calculating simple and compound interests are given. Thanks
Re: Mathematicians In The House, Please Help by captainbangz: 7:13am On Feb 11, 2023
formula for compound interest is A=P(1+(R/N))^(NT). for simple interest is I=(PRT)/100. where P=principal, R=rate, T= time, N=Number of times in a year. Answers are- 1) N4,254.27. 2) 90, 120 and 150 goats respectively. 3i) 8:5. 3ii) 5:8.

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