Mth302 Assignment#1

Fall-2023
Section incharge- Jamshad Nasir
Solved by PIN✌️.
Question:1
if Mr. Kareem borrowed $4000 at 85 simple interests annually to purchase a computer
and pays a monthly payment for four years, then find the following a) amount of
interest to be paid b) total amount to be paid back
Answer:
To find the amount of interest and the total amount to be paid back, we can use the
formula for simple interest
I=P⋅ r⋅ t
Where:

● I is the interest,
● is the principal amount (the borrowed amount),
● r is the annual interest rate (as a decimal),
● t is the time in years.
The total amount to be paid back (T) is the sum of the principal and the interest:
T=P+I
In this case:
● P = $4000,
● r=0.85 (85% as a decimal),
● t=4 years.

Let's calculate the interest and the total amount to be paid back:

I=4000⋅0.85⋅4I=4000⋅0.85⋅4

I=1360I=1360

Now, calculate the total amount to be paid back:

T=4000+1360T=4000+1360
T=5360T=5360

So, the solution is:

a) The amount of interest to be paid is $1360.

b) The total amount to be paid back is $5360.

Question:2
The sum of Rs. 820 is to be divided among Ali, Fakhar and Zahid according to the ratio
3:4:5. How much does each one receives?
Answer:
To divide the sum of Rs. 820 among Ali, Fakhar, and Zahid according to the ratio 3:4:5,
you need to find the share of each person.
The total ratio is 3 + 4 + 5 = 12
Now, find the share of each person:
● Ali's share: (3/12) ×820(3/12) ×820
● Fakhar's share: (4/12) ×820(4/12) ×820
● Zahid's share: (5/12) ×820(5/12) ×820
Calculate each share:
1. Ali's share: (3/12) ×820=205(3/12) ×820=205
2. Fakhar's share: (4/12) ×820=273.33(4/12) ×820=273.33
3. Zahid's share: (5/12) ×820=341.67(5/12) ×820=341.67
So, each one receives the following amounts:
● Ali: Rs. 205
● Fakhar: Rs. 273.33
● Zahid: Rs. 341.67