Answer:
The time required to accumulate simple interest of $ 60.00
from a principal of $ 750.00 at an interest rate of 4% per year is 2 years.
Step-by-step explanation:
Given
- Interest rate r = 4% = 0.04
To determine
Time period t = ?
Using the formula
I = Prt
t = I / Pr
substitute I = $60, P = $750 and r = 0.04 in the equation
t = 60 / ( 750 × 0.04 )
t = 2 years
Therefore, the time required to accumulate simple interest of $ 60.00
from a principal of $ 750.00 at an interest rate of 4% per year is 2 years.
Answer:
3x² + 2x + 3 / b
Step-by-step explanation:
This is the correct answer. Hope this helps
Answer: -1.6
-2.4 divided by 1.5 is -1.6
So you have to plug in the amount to the cost making you problem look like this:
0.85(30)+2.5(2)
25.5+5=30.5
We have been given that Nicolas has $6,500 to deposit into an account which earns 3.25% interest compounded annually. We are asked to find amount of interest earned at the end on 8 years.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.






Now we will subtract principal amount from final amount to find amount of interest as:


Therefore, Nicolas would have earned $1895.25 in interest at the end of 8 years.