Answer:
$37,650
Step-by-step explanation:
A=15000(1+0.0525)^18
A=15000(2.51)
A=37650
Answer:
The annual rate of interest is 2 %
Step-by-step explanation:
Given as :
The investment amount = $ 3,500
The Interest earn on investment = $ 210
The time period = 3 years
Let The annual interest rate = R
From simple interest method :
Simple Interest =
Or, 210 × 100 = 3500 × R × 3
Or, R =
Or, R =
HOPE THIS HELPED!!