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Nairaland Forum / Nairaland / General / Education / If You Can Solve This Maths, A Financial Institution Should Employ You. (64398 Views)
Who Can Solve This? / Food Production: FG To Employ 100,000 Graduates / What Is The Answer To This Maths Question That Has Gone Viral??? (2) (3) (4)
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Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by Nobody: 3:47pm On Aug 15, 2015 |
Aitee1:Others have been solving pages so that folks like you would understand it better. 4 Likes |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by oglalasioux(m): 4:14pm On Aug 15, 2015 |
484800 1 Like |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by tmeg: 4:23pm On Aug 15, 2015 |
The answer is 4800 |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by Alcheringa(m): 4:33pm On Aug 15, 2015 |
Aitee1:The rest solving pages would have just stated the formula, and answer. But, just wnt to make it easier, for others who don't understand. Dnt get it twisted bro. 1 Like |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by temidayodamoye(m): 5:06pm On Aug 15, 2015 |
walexy30:........Haba! dnt say that again,I think it depends on the institution we all attend(ed),m an engineering student nd I solved d problem in less than 5mins I saw d qstn,tho thanks to my Engineering Economics lecturer cos I wud hv been clueless as well if I had nt taking that course last semester,so twas still kinda fresh...nice one @ op bt hv really seen Lotta funny comments here o...d fact that u claim to hate mathematics doesnt mean we shudnt have common sense(if anyone finds dat harsh,m so sorry)...some1 saved 2000 monthly for 20years, evn without any interest his payback shudnt be less than 480,000 bt pple still claim to be correct with deir answer less than 480k...if dis was an MCQ...u should first delete any option less than that amount bfor u solve....sowi, I had to quote u because u said engr students dsnt knw abt financial stuffs...datz nt always true. |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by temidayodamoye(m): 5:15pm On Aug 15, 2015 |
walexy30:...could d 1% be called d effective interest? Cos dat effective interest shit always got me bored |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by Udoka89: 5:15pm On Aug 15, 2015 |
230,822.015 naira two hundred and thirty thousand eight hundred and twenty Two naira two kobo approximately |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by Nobody: 5:18pm On Aug 15, 2015 |
temidayodamoye: Yes, I have been made understand that engineering students are also taught financial maths. i agree with you that engineers have financial knowledge too. |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by yussuf739: 5:20pm On Aug 15, 2015 |
this thread is educative and interesting... Love it 1 Like |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by Favparis(f): 5:53pm On Aug 15, 2015 |
yomifola: Oga Abeg Na! 1 Like |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by PRISTINEMUSCLES: 6:03pm On Aug 15, 2015 |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by afroman23: 6:10pm On Aug 15, 2015 |
1722552.33 |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by Bumcious: 6:21pm On Aug 15, 2015 |
walexy30:537600 |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by segun4christ: 6:30pm On Aug 15, 2015 |
The correct answer is #1,027,200.00 |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by Preator: 6:35pm On Aug 15, 2015 |
1,998,295.83 final answer |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by segun4christ: 6:47pm On Aug 15, 2015 |
By applying the concept of Arithmetic progression ( A.P) :
where,
The first term a=2000*12= 24000
Common difference d=12/100 *24000 = 2,880.
Then
Sn= n/2 [2a +( n-1)d]
which implies
S20= 20/2 [ 2(24,000) + 19(2880)]
=10(48000+54720)
=#1,027,200 |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by butanep(m): 7:14pm On Aug 15, 2015 |
I can solve that maths without using the Op financial formula. That is normal business mathematics... |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by Mobi47(m): 7:46pm On Aug 15, 2015 |
butanep:interesting....and if u solve it, what would ur answer b? |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by temidayodamoye(m): 7:55pm On Aug 15, 2015 |
segun4christ:......ur first line is enough to get u an F if my lecturer is to mark dis,how can u say 'the concept of A.P ' for compounding interest? Who does that? There is nothing like common difference in compound interest...let me gv u an example, if u save 50naira @ 10 % compound interest per year, at d end of d first year u will have #55...i.e ur #50+#5 interest...dis #55 will now serve as ur principal for d second year nd 10% of d #55 is ur new interest nd it keeps goin dat way...u will realise dat d interest in d second year will be more than #5 wich automatically implies dat d interest is nt constant nd dere4 rule out d use of d concept of A.P....thank u sir |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by Jidibia(m): 8:14pm On Aug 15, 2015 |
walexy30:No be only social science na rocket science. 1 Like |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by Nobody: 8:14pm On Aug 15, 2015 |
I CAN BUT I DON'T WANNA WORK IN A FINANCIAL INSTITUTE... SO I WON'T SOLVE IT... |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by Jidibia(m): 8:18pm On Aug 15, 2015 |
walexy30:Oya tell us the answer. |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by Nobody: 8:18pm On Aug 15, 2015 |
walexy30: |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by cromz(m): 8:19pm On Aug 15, 2015 |
5760 |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by sommyblaze(m): 8:19pm On Aug 15, 2015 |
57600 |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by wx9Z: 8:20pm On Aug 15, 2015 |
The Answer is 0. Because Armed robber go target u and collect the money... www.yeyepikin.com 1 Like |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by xynerise: 8:20pm On Aug 15, 2015 |
walexy30:Intetesf for 20years is N4800 Original amount x interest = 2000x 4800= 960,000 Or 2000 + 4800= 6800 1 Like |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by Smooyis(m): 8:21pm On Aug 15, 2015 |
ojmaroni247:Each month sef |
Re: If You Can Solve This Maths, A Financial Institution Should Employ You. by Nobody: 8:22pm On Aug 15, 2015 |
#57,600 only cc walexy30 |
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