Answer:
$15750
Step-by-step explanation:
write the rule of simple interest, it's:
I=PRT
P=$450000 R=0.035 T=1
I=450000×0.035×1
I=$15750
Yes, by 0.001. Thank me later.
Answer:
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the total amount owed
P is the amount of money borrowed
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Answer:
no........... is not the answer