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secondary 4 | E Maths
2 Answers Below
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Please help!
Date Posted: 1 year ago
Views: 167
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Hope this helps. Regards
Date Posted:
1 year ago
Hey! Thank you so much for the help. I'm still a little confused why you used (100 + r / 100) in the bracket instead of the compound interest formula? Please help me explain, thank you!!!
Good evening. Sorry for the tardy reply. Well, the formula is great if we know what R is, but in this question we are supposed to find R. 100 divided by 100 is 1 whole, so we can rewrite ( 1 + [R/100]) into (100 + R)/100. The value is not changed, just the form.
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As you can you, it is a matter of choice as the value obtained is the same. Thank you for your question! I hope this helps you understand. Regards
Date Posted:
1 year ago
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