Answer:
the answer is the account with 1.5% interest
hope this helps
People who get less than minimum hourly wage.
Answer:
$568.95
Step-by-step explanation:
Given parameters:
Value of loan = $18965
Interest rate = 3%
Time = 1year
Unknown:
Interest = ?
Solution:
The interest on a particular amount is given as:
I =
I is the interest
P is the principal
R is the rate
T is the time
I =
= $568.95
If Im correct I believe the answer is the last one
Answer:
$137,339.88
Step-by-step explanation:
Here is the equation for compound interest: A=P(1+(r/n))^nt
where A=amount of money, P=principal, r= rate in decimal, n=number of times compounded per t, and t=time
In this case:
A=$250,000
P= ?
r= 0.04
n= 12 month/yr
t= 15 yrs
You can manipulate the equation to solve for P:
P=A/[(1+(r/n))^nt]
Plug in variables then solve:
P= 
P=137339.8761 = $137,339.88