Anyone who can do this please give me the right graph I would appreciate it
2 answers:
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<h3>Given:</h3>
- P= $50,000
- R= 10%
- T= 5 years
- P= Principal amount
- R= Rate of interest
- T= Time period
Let's substitute according to the formula.
<em>A=</em><em> </em><em>$80525.5</em>
Now, we can find the interest paid
We'll have to deduct the total amount from the principal amount.
Let's substitute according to the formula.
<em>I=</em><em> </em><em>$30525.5</em>
<u>Hence</u><u>,</u><u> </u><u>the</u><u> </u><u>total</u><u> </u><u>amount</u><u> </u><u>paid</u><u> </u><u>after</u><u> </u><u>5</u><u> </u><u>years</u><u> </u><u>is</u><u> </u><u>$</u><u>80525.5</u><u> </u><u>and</u><u> </u><u>$</u><u>30525.5</u><u> </u><u>was</u><u> </u><u>paid</u><u> </u><u>as</u><u> </u><u>interest</u><u>.</u>