Answer:
$30341.88
Step-by-step explanation:
Because it says simple interest, use the formula I = Prt.
(I is interest, r is the % rate as a decimal, t is the time)
So, you have to solve the equation,
1755 = P (0.065)(9)
Since 0.065 x 9 = 0.585, the equation can be simplified to
1755 = 0.585P
Then, to get P, you divide both sides by 0.585
P = 1755/0.585 = $30341.88
Answer:
$2492.10
Step-by-step explanation:
- Deposit amount = $2130
- Interest rate = 4.25% annual simple
- Time = 4 years
<u>Balance at the end of 4 years:</u>
- $2130*(1 + 4*0.0425) = $2492.10
V = C(1 - (T/N)).......for C ....multiply both sides by N
NV = CN - CT
NV = C(N - T) ...divide both sides by (N-T)
NV / (N - T) = C
V = C(1 - (T/N))...for T ...multiply both sides by N
NV = CN - CT ....subtract CN from both sides
NV - CN = - CT....divide both sides by -C
(NV - CN) / -C = T or (CN - NV)/ C = T
Answer:
look on the graph i gave you
Step-by-step explanation:
The answer to the question is false
