When you subtract them you get the answer 57.99
Answer:
£1690
Step-by-step explanation:
Amount invested by Brian = £1300
rate of simple interest = 10%
To find money Brian will have after three years
He will have amount invested in bank and interest earned in three years from that amount.
Simple interest for any principal amount p is given by
SI = P*R * T /100
where SI is simple interest earned
T is time period for which simple interest is earned
R is rate of interest
Substituting value of P , R and T we have
SI = 1300*10* 3 /100 = 390
Therefor interest earned will be £390
Total money with Brian after three years = principal amount invested + interest earned in 3 years
= £1300 + £390 = £1690
Answer:
<u>Equation</u>: 
<u>The balance after 5 years is: $1742.43</u>
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Step-by-step explanation:
This is a compound growth problem . THe formula is:

Where
F is future amount
P is present amount
r is rate of interest, annually
n is the number of compounding per year
t is the time in years
Given:
P = 1500
r = 0.03
n = 12 (compounded monthly means 12 times a year)
The compound interest formula modelled by the variables is:

Now, we want balance after 5 years, so t = 5, substituting, we get:

<u>The balance after 5 years is: $1742.43</u>
Answer:
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Step-by-step explanation:
Answer:
Step-by-step explanation:
Im not full sure what the answer is but I do know that A statistical question is one that can be answered by collecting data and where there will be variability in that data. This is different from a question that anticipates a deterministic answer. For example, "How many minutes do 6th grade students typically spend on homework each week?" is a statistical question.
I think that a one of the answers may be number 3 but im not 100%