Khumalo is capital is 1650000 His capital is 12% ,NB he increased his capital with 150000 Solve it

Economics

ScanSolve AI Answer

Answer

1,800,000\text{1,800,000}

198,000\text{198,000}

216,000\text{216,000}

Step-by-step solution

3 steps
  1. Calculate the new capital after the increase.

    The initial capital is 1,650,000.
    The capital is increased by 150,000.

    New Capital=Initial Capital+Capital Increase\text{New Capital} = \text{Initial Capital} + \text{Capital Increase} New Capital=1,650,000+150,000\text{New Capital} = 1,650,000 + 150,000 New Capital=1,800,000\text{New Capital} = 1,800,000
  2. Calculate the interest on the initial capital at 12%12\%.

    Interest on Initial Capital=Initial Capital×Rate\text{Interest on Initial Capital} = \text{Initial Capital} \times \text{Rate} Interest on Initial Capital=1,650,000×0.12\text{Interest on Initial Capital} = 1,650,000 \times 0.12 Interest on Initial Capital=198,000\text{Interest on Initial Capital} = 198,000
  3. Calculate the interest on the new capital at 12%12\%.

    Interest on New Capital=New Capital×Rate\text{Interest on New Capital} = \text{New Capital} \times \text{Rate} Interest on New Capital=1,800,000×0.12\text{Interest on New Capital} = 1,800,000 \times 0.12 Interest on New Capital=216,000\text{Interest on New Capital} = 216,000

    Based on the information provided, here are the calculations:

    • The new capital after the increase is 1,800,000\boxed{\text{1,800,000}}.
    • The interest on the initial capital at 12%12\% is 198,000\boxed{\text{198,000}}.
    • The interest on the new capital at 12%12\% is 216,000\boxed{\text{216,000}}.
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