Answer: he must pay $650 interest
Step-by-step explanation:
2000 x 0.650 x 1/2 = 650
<h2>
94.93</h2>
Step-by-step explanation:
The standard equation used to model a exponential growth is given by 
Given two data points, which are both explicitly a function of time, it is easy to solve the two equations,
Dividing the second equation by the first,
Substituting in first equation, 
Growth model : 
Growth rate=
=
∴Approximate growth rate as of 2018 = 95
Answer:
x = 1.5
Step-by-step explanation:
5x - 5 - 3x + 2 = 0
Combine like terms
2x - 3 = 0
Isolate variable x
Add 3 to both sides
2x = 3
Divide both sides by 2
x = 3 ÷ 2
x = 1.5
Answer:
False
Step-by-step explanation:
Simple interest is the percentage rate that a borrower pays to borrow money for a set period of time, whereas compound interest is calculated on top of what has already been borrowed, which means that as time passes, more and more interest charges accumulate until repayment begins. e. when a borrower pays interest on the principal plus interest charges that have accrued.
