The amount of the loan after 11 years is $34,113.53 and the intereest earned is $4,113.53
<h3>How to calculate the compound interest</h3>
The formula for calculating the exponential function is expressed as:
Given the following
- P = 30,000
- r = 0.047
- t = 11 years
- n = 4
Substitute into the formula to have:
Hence the amount of the loan after 11 years is $34,113.53
<h3>
Find the interest earned</h3>
Interest = A - P
Interest = 34,113.53 - 30000
Interest = 4,113.53
Hence the intereest earned is $4,113.53
Learn more on compound interest here: brainly.com/question/24924853
Answer:i don,t have the answer but i can tell you this with volume you have to do length times width times height
Step-by-step explanation:
sorry that i don,t have the answer that you were hoping for
Answer:
I believe it is A
Step-by-step explanation:
I dont quite remember the formula, but I belive that 30 would be correct because if im remembering correctly the formulas are "a + b = c" and "c - (a/b) = (a/b)
a/b = a or b, depending what they give you
He would have a total of: $1639.09
In intrest alone he would've made 1639.09
Step-by-step explanation:
3%= 0.03
- The first thing you do is multiply $1,500 by the %3 (0.03).
- When your done multiplying, you should get 45.
- Then you repeat the process over, two more times. However the numbers will change.
Answer:
24
Step-by-step explanation: