Answer: $787 was originally borrowed.
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the loan.
P represents the principal or amount taken as loan
R represents interest rate
T represents the duration of the loan in years.
From the information given,
Total amount = $1181.05
Interest = total amount - principal
I = 1181.05 - P
R = 15%
T = 1 year
Therefore,
1181.05 - P
Therefore,
1181.05 - P = (P × 15 × 1)/100
1181.05 - P = 0.15P
P + 0.15P = 1181.0
1.5P = 1181.05
P = 1181.05/1.5
P = $787
We have a deposit of $2000 into an account that pays 6% compounded monthly, after a year we will have:

The effective annual yield (EAY) will be:

The EAY is 101.22%
So if 54 is 100% then 200% is double therefore 200% of 54 is 108
Answer:

Step-by-step explanation:
<u>Step 1: Convert to Scientific Notation</u>
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is in standard notation
is in scientific notation
Answer: 