How are the numbers 3, 4, and 17 alike
1 answer:
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Amount =$48003.20
Step-by-step explanation:
Here apply the compound interest formula;
where;
P=Principal amount invested = $37500
r=rate of interest as a decimal, 2.5% =0.025
n=number of compounding per year=1
t=time period the amount in invested=10
In our case, the amount after investing will be;
Interest earned after the period= $48003.20-$37500 =$10503.20
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Compound Interest formula application: brainly.com/question/7014337
Keywords: inherit, sum, money, interest
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There should be a point the line is going through, (1,2).
We have given that,
N55.60 for 1yr 6 months at the rate of 2%
We have to determine the principal which will yield simple interest of N55.60 for 1yr 6 months at the rate of 2%.
<h3>What is the simple interest?</h3>
A = final amount
P = initial principal balance
r = annual interest rate
t = time (in years)
x = inches
y = miles
per 1 inch = 2 miles
so on the graph, there should be a point the line is going through, (1,2).
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