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Wednesday, 1 November 2023
BANKING 1
Rayan deposited the amount of 20,000/=
in a bank for 5 years and got a profit of 1500/=. Find the interest rate?
Solution
I = 1500/=, P = 20,000/=, T = 5 years,
R = ?
I = PRT
100
1500 = 20000 x R x 5
100
1500 = 20000 x R x 5
100
1500 = 200 x R x 5
1500 = 1000R
1.51500
= 1000R
1000
1000
Hence the interest rate was 1.5%
TRY THIS………….
Rayan deposited the amount of 6,000/=
in a bank for 5 years and got a profit of 4200/=. Find the interest rate?
PROFIT AND LOSS K5
A man got a profit of 7400/=
after selling an item. Find the buying price if the percentage profit was 10%.
Solution
%’ge profit = Profit X
100 where B. P. represents
Buying Price.
B.P
10% = 7400 X
100
B.P.
B.P. x 10% = 740,000 x B.P. [multiplying by B.P. both sides]
B.P.
B.P. x 10 = 740,000
B.P. x 101 = 740,000
110 10
B.P. =74,000
Hence Buying Price was 74,000/=
TRY THIS………………
A man got a profit of 90,500/=
after selling an item. Find the buying price if the percentage profit was 20%.
EXPONENTIALS C2a
9x
=3x +72; find x
Solution
9x
=3x +72
9x
- 3x = 72 taking 3x on the
left side
9x
- 3x – 72 = 0. Taking 72 on
the left side as well
32x
- 3x – 72 = 0. Rewriting 9x
as 32x.
(3x)2
– (3x) – 72 = 0. Factoring 3x
out.
Let
u = 3x ……… (i)
(u)2
– (u) – 72 = 0.
u2
– 9u + 8u – 72 = 0 [Factorizing by
splitting the middle term].
(u2
– 9u) + (8u – 72) = 0
u(u
– 9) + 8(u – 9) =0
(u
– 9)(u + 8) =0
u – 9 = 0 or
u + 8 =0
u
= 9 or u =-8
We
neglect the –ve answer and we stick with the positive one.
Now from (i) u = 3x
9
= 3x
32
= 3x equal bases they cancel
out.
x = 2
TRY
THIS………….
9x =3x + 111/4;
find x
4