1). A=P(1+r/100)n
55000=500(1+r/100)31
110= (1+r/100)31
LN110=31LN (1+r/100)
0.15r=LN (1+R/100)
0.16=r/100
r=16%
2). September
A=500(1+16/100)30
=500(1.16)30
= 42,925
October
A=55000
November
A= 42,925
December
A=55000
Total people to be positive December = 42,925+ 55000+42,925+55000
Ans=250,850
Comments
Leave a comment