Kelsey takes out a loan for $6000 to start a business after high school. The bank charges her for 8% interest for the loan after
2 answers:
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Answer: William will pay $ 330.76 more interest than Shani at the end of 3 years.
Step-by-step explanation:
Compound interest = <em> , </em>P= principal , r= rate of interest , t= time
Given: P = $5000 , t= 3 years
For Shani , r= 4% = 0.04
Compound interest =
For William, r= 6%= 0.06
Compound interest =
Difference = $ ( 955.08- 624.32)
= $ 330.76
Hence, William will pay $ 330.76 more interest than Shani at the end of 3 years.
Due to non availability of radius, let's take radius as 4cm
Answer:
The volume of the new container will be 552.64cm^3
Step-by-step explanation:
Please kindly see the attached for detailed explanation
