Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
32 + 240x + 720x^2 +1080x^3 + 810x^4 + 243x^5
Answer:
20%
Step-by-step explanation:
x times 5 = x2
Ex;
$50 +20%
20% of 50 = 10
Over 5 years, 10% x 5 years = $50
Answer:
Step-by-step explanation:
Please find attachment for step by step explanation.