Simple Interest = Principal * Interest Rate * Term
Total Amount = Principal + Simple Interest
<span>
<span>
</span><span><span>
# Principal Interest rate term Interest Total balance
</span><span> 1
<span> 100.00 </span>6% 1
<span> 6.00 </span>
<span> 106.00
</span></span><span> 3
<span> 100.00 </span>6% 2
<span> 12.00 </span>
<span> 112.00
</span></span><span> 5
<span> 100.00 </span>6% 3
<span> 18.00 </span>
<span> 118.00
</span></span><span> 7
<span> 100.00 </span>6% 4
<span> 24.00 </span>
<span> 124.00
</span></span><span> 9
<span> 3,000.00 </span>5% 3
<span> 450.00 </span>
<span> 3,450.00
</span></span><span>10
<span> 4,000.00 </span>6% 3
<span> 720.00 </span>
<span> 4,720.00
</span></span><span>11
<span> 10,000.00 </span>4% 3
<span> 1,200.00 </span>
<span> 11,200.00
</span></span><span>13
<span> 10,000.00 </span>6% 4
<span> 2,400.00 </span>
<span> 12,400.00
</span></span><span>14
<span> 10,000.00 </span>6% 5
<span> 3,000.00 </span>
<span> 13,000.00 </span>
</span></span></span>
Answer:
5 but its probaly not right bc im just looking for pointsStep-by-step explanation:
The formula is
A=p (1+r)^t
A future value 7300
P present value 1500
R interest rate 0.0675
T time?
7300=1500 (1+0.0675)^t
Solve for t
Divide both sides by 1500
7300/1500=1.0675^t
Take the log for both sides
Log (7300/1500)=t×log (1.0675)
Divide both sides by log (1.0675)
T=log(7,300÷1,500)÷log(1.0675)
T=24.2 years round your answer to get 24 years
Hope it helps!
Answer:
where's the graph rn ?
Step-by-step explanation:
is this question complete?
Answer:-1
Step-by-step explanation:You do reverse operation so negative 2Y means multiplication so you divide two -2 sides so positive two divided by -2 is -1
