Answer:
Approximately $584.43
Step-by-step explanation:
Your formula is A=Pe^rt
A is what you're looking for, the amount
P is the principal aka what you put into the account: $150
e is the mathematical constant. You'd plug that into your calculator.
r is the rate, you'd put it into the equation as a decimal: 8%=.08
t is the time in years: 17
A=150e^.08x17 <em>you can plug this into your calculator</em>
A=$584.43
S = P[1 + (r / m)]^(m * t)
S = ?
P = 6000 euro
r = 0.07
m = 12
t = 5
S = 6000[1 + (0.07 / 12)]^(12 * 5)
S = 6000(1.00583)^(60)
S = 6000(1.4176...)
<span>S = 8505.75 euro
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You can now do the rest which is anually and quarterly.</span>
Answer:
number 1 is correct
Step-by-step explanation:
Answer:
The amount of interest is $5580.
Step-by-step explanation:
Given : Jacob borrowed $30, 000 to start up his consulting business. The loan had simple interest rate of 6.2% for 3 years.
To find : The amount of interest he will pay with the loan ?
Solution :
Using interest formula,
Where, P is the principal P=$30,000
R is the rate of interest R=6.2%=0.062
T is the time t=3 years.
Substitute the value in the formula,
Therefore, The amount of interest is $5580.
The interquartile range is A. 15.5
