Answer:
a. Simple interest = $174
b. Compund interest = $1187.1
Step-by-step explanation:
Given the following data;
Principal, P = $1000
Interest, R = 2.9%
Time, T = 6 months
a. To find the simple interest;
S.I = (PRT)/100
S.I = (1000*2.9*6)/100
S.I = 17400/100
S.I = $174
b. To find the compound interest;
Substituting into the formula, we have;




A = $1187.1
Answer:
$ 48.69
Step-by-step explanation:
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Answer: A ≈ 74.35
Step-by-step explanation: Explanation below.
Answer:
Step-by-step explanation:
Put the values of x to the equation y = 2x + 2 and calculate the value of y:
x = 2
y = 2 · 2 + 2 = 4 + 2 = 6
x = 5
y = 2 · 5 + 2 = 10 + 2 = 12
x = 6
y = 2 · 6 + 2 = 12 + 2 = 14
x = 8
y = 2 · 8 + 2 = 16 + 2 = 18