Evaluation of Scientific Notation and Simple Interest Calculation

MathematicsScientific Notation and Simple InterestMedium

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1. (a) Evaluate, without using mathematical tables or calculator, $(3.69 \times 10^{5}) \div (1.64 \times 10^{-3})$, leaving your answer in the standard form.

(b) A man invested ₦20,000 in bank A and ₦25,000 in bank B at the beginning of a year. Bank A pays simple interest at a rate of $y\%$ per annum and B pays $1.5y\%$ per annum. If his total interest at the end of the year from the two banks was ₦4,600, find the value of $y$.

Animated Video Solution

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Step by Step Written Solution

1
Step 1

In this video, we will solve two problems. Part A involves dividing numbers in scientific notation, and Part B is a simple interest calculation. Let's start with part A.

Problem 1 (a) - Scientific Notation

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Step 2

Wait, the expression is three point six nine times ten to the fifth power, divided by one point six four times ten to the negative third power. Let's rewrite this as a fraction.

$$\frac{3.69 \times 10^5}{1.64 \times 10^{-3}}$$
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Step 3

To make the division easier without a calculator, let's eliminate the decimals by multiplying both the numerator and the denominator by one hundred.

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Step 4

Now, let's separate the numeric constants from the powers of ten.

$$\left( \frac{369}{164} \right) \times \frac{10^5}{10^{-3}}$$
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Step 5

Note that three hundred and sixty-nine and one hundred and sixty-four share a common factor of forty-one. Three hundred sixty-nine is nine times forty-one, and one hundred sixty-four is four times forty-one.

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Step 6

Nine divided by four is exactly two point two five.

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Step 7

For the powers of ten, we subtract the exponents when dividing. Five minus negative three equals eight.

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Step 8

This gives us ten to the eighth power. Our final answer for part A is in standard form.

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Step 9

Now let's move on to part B. A man invested twenty thousand Naira in Bank A and twenty-five thousand Naira in Bank B. We need to find the interest rate y percent.

Problem 1 (b) - Simple Interest

BankPrincipal (P)Rate (R)Time (T)
A20,000y%1 year
B25,0001.5y%1 year

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About This Question

Subject
Mathematics
Topic
Scientific Notation and Simple Interest
Difficulty
Medium
Question Type
Open Ended

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