Bank balance after 15 years is $950
Step-by-step explanation:
- Step 1: Find the simple interest on the principal amount using the formula SI = PRT/100 where Principal (P) = $500, Rate of Interest (R) = 6% and Time(T) = 15 years
⇒ SI = 500 × 6 × 15/100 = $450
- Step 2: Find total amount using the formula Amount = P + SI
⇒ Amount = 500 + 450 = $950
This is my answer - a beautiful image. You haven’t attached the image to determine the answer, please do!
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The difference is -10 because
9-10= 1
-1-10= -11
-11-10= -21
common difference means you add and common ratios means you multiply.
hope this helps!
