Answer:
April took out a loan of $600 and paid it back with simple interest of $60 after 5 years. The formula to calculate interest is given the principal and the time and the interest rate is . For this problem we have to find the interest rate given . To archive that , we can just solve the equation making the interest rate the subject of the formula as shown below,
I= Prt
=> r= I/Pt
=> r= 60/600x5 = 1/50
The interest rate is 1/50 or 0.02 as a decimal. The interest rate is 2% as a percentage.
50(2) -2(20) +6 = ?
100 - 40 + 6 = ?
60 + 6 = ?
66
Answer:
5.86
Step-by-step explanation:
Answer:
32449.3
Step-by-step explanation:
use the formula A = P(1+r / 100)^t
20000 × (1+ (8.4 / 100))^6
=32449.3
