Question

Calvin wants to take a cell phone that costs 5000rands but the store s' regulation says he must pay 600rands deposit . After he finishes paying for certain years at simple interest rate of 4 percent the amount paid will be 5632 rand . Calculate the number of years​

Answer 1

Answer: 3.1 6

Step-by-step explanation:

The total amount paid can be calculated using the formula for simple interest: Total amount paid = Principal + Simple Interest Total amount paid = 5000 + (5000 0.04 n) Total amount paid = 5000 + 200nGiven that after n years, Calvin pays a total of 5632 rands: 5632 = 5000 + 200n 632 = 200n n = 632 / 200 n = 3.16

Answer 2

Answer: 3.1

Step-by-step explanation:

The total amount paid can be calculated using the formula for simple interest: Total amount paid = Principal + Simple Interest Total amount paid = 5000 + (5000 0.04 n) Total amount paid = 5000 + 200nGiven that after n years, Calvin pays a total of 5632 rands: 5632 = 5000 + 200n 632 = 200n n = 632 / 200 n = 3.16