Answer: $1150
Step-by-step explanation:
Simple interest is calculated as:
= Principal × Rate × Time
where,
Principal = $2000
Rate = 5.75%
Time = 10
Interest = 2000 × 5.75% × 10
= 2000 × 0.0575 × 10
= 1150
The amount earned will be $1150.
Answer:
8/15
Step-by-step explanation:
(2/5)/(3/4)=(2/5)(4/3)=8/15
Answer:
r=7
Step-by-step explanation:
74000=28000(1+r/12)^12(14)
divide 74000 by 28000, and cancel out 28000.
1.00580=1+r/12
(100) .06962=r
r = 6.96198
the 6 after the 9 rounds 9 to 0, which rounds the 6 to 7
r=7
Answer:
Coef=6
Step-by-step explanation:
The answer would be 10^-3
