The amount of interest he would earn in one (1) year is equal to $80.
<u>Given the following data:</u>
- Interest rate = 10% = 0.1
To determine how much interest he would earn in one (1) year:
<h3>How to calculate
simple interest</h3>
Mathematically, simple interest is given by this formula:
<u>Where:</u>
- S.I is the simple interest.
- P is the principal or starting amount.
- T is the time measured in years.
Substituting the given parameters into the formula, we have;
Simple interest = $80
Read more on simple interest here: brainly.com/question/24341207
Answer:
Step-by-step explanation:
Given that a bank representative studies compound interest, so she can better serve customers. She analyzes what happens when $2,000 earns interest several different ways at a rate of 2% for 3 years.
a) the interest if it is computed using simple interest. 12.00
=
dollars
b) the interest if it is compounded annually.
=
dollars
c) the interest if it is compounded semiannually
=
d) the interest if it is compounded quarterly.
=
e) the interest if it is compounded monthly.
=
Answer:
11Hz
Step-by-step explanation:
Check attachment
Answer:
a) g(x) = (x - 3)^3
Step-by-step explanation:
because the function has shifted horizontally to the right 3 units, the 3 has to be within the parentheses. additionally, because it's moved to the right 3 units, the term inside the parentheses is -3. you would think it'd be +3, but it's actually the other way around. i hope this helps! :)
Answer:
A≈113.1cm²
Step-by-step explanation:
