What do you need what is the question
Answer:
$36000
Step-by-step explanation:
$40 000(0.10) = $4000
$40000 - $4000 = $36000
Answer:
5%
Step-by-step explanation:
The question showing a growing function that commonly used in compound interest calculation. The formula for compound interest is:
A = P (1 +r) ^ t
A= amount of the balance after a period of t
P= principal, the initial money deposit
r= rate
t= time
The percent of balance increase should be represented by the rate(r). In this equation, the principal will be 130, (1+r) will be 1.05, and time will be x.
The value of rate (r) will be:
(1+r) = 1.05
r= 1.05-1= 0.05 = 5%
