Which equation represents circle n? (17 points & will mark branliest)
1 answer:
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Answer:
$4080
Step-by-step explanation:
We have the amount she will pay back, but first, we need to find the Interest accrued.
Simple Interest is given as:
where P = principal
R = rate
T = time taken (in years)
Therefore, the interest on $3,000 at 9% simple interest for 4 years is:
I = $1080
Therefore, the amount she will pay back is:
$3000 + $1080 = $4080
Answer:
The gain is of $17.50
Step-by-step explanation:
When you buy the bond the exchange rate is $1.50 = £1.
You pay £45 = =$67.50 for the British bond.
No, you sell the bond for £50 and the exchange rate is $1.70 = £1.
So, you earned dollars
Your gain is = $17.50