Amount owed at the end of 1 year is 3640
<h3><u>Solution:</u></h3>
Given that yoko borrows $3500.
Rate of interest charged is 4% compounded each year
Need to determine amount owed at the end of 1 year.
In our case
:
Borrowed Amount that is principal P = $3500
Rate of interest r = 4%
Duration = 1 year and as it is compounded yearly, number of times interest calculated in 1 year n = 1
<em><u>Formula for Amount of compounded yearly is as follows:</u></em>

Where "p" is the principal
"r" is the rate of interest
"n" is the number of years
Substituting the values in above formula we get


Hence amount owed at the end of 1 year is 3640
Answer:
Step-by-step explanation:

Answer:
No solution
Step-by-step explanation:
I got it right on delta math, just dont write anything and turn that in and it should be correct.
Answer:
x= -6
Step-by-step explanation:
-2x-14=-2
We move all terms to the left:
-2x-14-(-2)=0
We add all the numbers together, and all the variables
-2x-12=0
We move all terms containing x to the left, all other terms to the right
-2x=12
x=12/-2
x=-6