The formula to find the amount is
here A is amount
P is the principal
'r' is the rate of interest
n is the number of years.
Case 1.
Stevan invests
P =$ 20,000
r = 3% = 0.03
n = 10 years
Hence the interest earned
= A - P = 26878.33 - 20000 = $6878.33
Case 2.
Evan invests
P = $10,000
r = 7% = 0.07
n = 7 years
Hence the interest earned
= A - P = 16057.81 - 10000 = 6057.81
Difference in the interest = 6878.33 - 6057.81 = $820.52
Rounded to the nearest dollar difference in interest = $821
Answer:
*gives help*
:)
Step-by-step explanation:
I would say loneliness, because she is taken by a kings men .. and it’s not him
Answer:
The future value is: RS 132867.075
Step-by-step explanation:
Given
--- present value
--- annual rate
--- number of times compounded (3 years/ 6 months)
Required
The future value
This is calculated as:
<em>Hence, the future value is: RS 132867.075</em>
Answer:
730000000 lbs?
Step-by-step explanation: