Answer:
500
Step-by-step explanation:
350/70%=500
Answer:
2121.8
Step-by-step explanation:
The principal is 2000
Rate is 3%
Time is 2 years
Therefore the amount that will be present in the account after 2 years can be calculated as follows
= 2000 × (1+0.03)^2
= 2000 × 1.03^2
= 2000 × 1.0609
= 2121.8
Answer:
Interest to be paid will keep on reducing each month
Step-by-step explanation:
due to reduction of the principal amount. As a result the net interest output will be higher for a borrower who carries balance for the whole year compared to one who pays offs monthly.
Answer:
y: 3
x: 3.5
Step-by-step explanation:
The y-intercept is the value of y when x = 0. (0,3) The y-intercept is 3.
The x-intercept is the value of x when y = 0. (3.5,0) The x-intercept is 3.5.