Answer:
ok
Step-by-step explanation:
Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
1.95 = .21(5) + .06m
1.95 = 1.05 + .06m
Solving (if needed)
Subtract 1.05 from each side
1.95 - 1.05 = .06m
.90 = .06m
Divide .06 on both sides
15 = m
Answer: (4, -2)
Step-by-step explanation: