Answer:
15%
Step-by-step explanation:
We have the followign simple interest formula
FV (aka AV)=PV(1+it)
which means that we have
(800+360)=800(1+3i)
1.45=1+3i
.45=3i
.15=i
15%
The answer is equal to 10.
Answer:
Step-by-step explanation:
P= 500. I = 0.04. t=5. plug those numbers into the formula. So 1.04^5 and multiplying it time 500 and the final answer would be 608.33