Simple interest rate is based solely on the principal amount so total money owed = 3000*1.06
Compound is based on the principal amount and interest (interest on interest)
If we assume the money is compounded annually the total money owed would be
3000*1.06^2
Answer:
Hey, I see this is your first question...Good Luck!
Your answer is y=72/b−4
Step-by-step explanation:
Isolate the variable by dividing each side by factors that don't contain the variable.
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Y= x+16. 16 is added to all the x numbers to come up with y.