You're choosing between two car rental companies. Company A charges an initial fee of $15 with $.25 per mile, while Company B on
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Answer:
The amount which she will have into account after 3 years is 17,400 unit
Step-by-step explanation:
Given as :
The principal which is deposited into an account = 12,000 unit
The rate of interest simple annual = 15%
The Time period = 3 years
Let The amount which she have after 3 years = A unit
<u>From simple Interest method</u>
Simple Interest =
Or , Simple Interest =
Or, Simple Interest =
∴ Simple Interest = 5,400 unit
Now,
Amount = Principal + Simple Interest
Or, A = 12,000 unit + 5,400 unit
∴ A = 17,400 unit
Hence The amount which she will have into account after 3 years is 17,400 unit . Answer