The interest will earn is 3216
Interest Earned = Amount * Rate of Interest * Time
Interest Earned = 6700*6%*8 =
Interest Earned = 3216
Interest Calculator
The term "interest" refers to the additional revenue received by the investor over and above the investment or the additional debt owed by the borrower over and above the amount borrowed. Simple interest and compound interest are the two different kinds of interest. The sorts of interests are covered in further detail in the interest formula. Let's explore the interest formula in further detail and go through several cases.
Interest Formula: What is it?
Simple interest and compound interest are both included in the interest formula. Interest is the cost a borrower pays a lender for a loan. This additional sum, or the interest, must be paid in addition to the loan itself. The Simple Interest Formula and the Compound Interest Formula are both discussed in the interest formula Compound Interest Formula. The interest formula for both is
Simple Interest = P × R × T
Compound Interest =
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Answer:
4.74 hours
Step-by-step explanation:
Given that both person have to place same number of rivets that is
11209
first person take 9 hours to complete the work
hence 1 hour work of 1st person is of total work
second person takes 10 hours to complete the same work
hence 1 hour work of 2nd person is
Now if both work together then
1 hour work of both person = =
thus working together they need hours = 4.74 hours to complete the whole work which is placing 11209 rivets
Answer:
Step-by-step explanation:
$1800 is spent on a washing machine. This number never changes, so we just need to add that to our annual total
$89 is spent every year. This means that this number needs to be with our variable, x, as it is dependent on the number of years that occur. When we put these two things together, we get the following equation: