Answer: 6
Step-by-step explanation:
(5+1)^2-(11+3^2)
25+1-11+9
26-20
=6
The formula of the compound interest is V = V₀(1+r%)ⁿ, where V₀ is the initial amount invested, r= interest in%, n = the period or number of years
and V the new amount of his investment:
In your given formula 1250(1.03)^t which is similar to V= 1250(1+3%)^t
We notice that 1250 occupies the place of the initial investment, so Rashid
invested 1250
Answer:
Your answer
P = 1.9 t
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Step-by-step explanation:
Answer is 47.25
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