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The city is issuing bonds to raise money for a building project. You obtain a $6700 bond that pays 6% interest annually that mat

kati45 [8]

The interest will earn is 3216

Interest Earned = Amount * Rate of Interest * Time

Interest Earned = 6700*6%*8 = $6700*\frac{6}{100}*8$

Interest Earned = 3216

Interest Calculator

The term "interest" refers to the additional revenue received by the investor over and above the investment or the additional debt owed by the borrower over and above the amount borrowed. Simple interest and compound interest are the two different kinds of interest. The sorts of interests are covered in further detail in the interest formula. Let's explore the interest formula in further detail and go through several cases.

Interest Formula: What is it?

Simple interest and compound interest are both included in the interest formula. Interest is the cost a borrower pays a lender for a loan. This additional sum, or the interest, must be paid in addition to the loan itself. The Simple Interest Formula and the Compound Interest Formula are both discussed in the interest formula Compound Interest Formula. The interest formula for both is

Simple Interest = P × R × T

Compound Interest = $P(1 + r/n)^{nt}- P$

Learn more about the Interest formula brainly.com/question/23941790

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4 0

1 year ago

Hazel plans to mow her neighbors' yards to earn money. she charges a base fee of $25 and $7 for every hour she mows. the amount

bogdanovich [222]

The function ought to be represented as; m(t) = 7t + 25 where t is the number of yards that she mows.

<h3>What is a linear function?</h3>

The term linear function refers to a function that yields a straight line graph when it is plotted. Now we know that a linear function would not contain an exponent that is greater than one.

In this case, we know that the question states that she charges a base fee of $25 and $7 for every hour she mows thus the function ought to be represented as; m(t) = 7t + 25 where t is the number of yards that she mows.

Learn more about linear function:brainly.com/question/21107621

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7 0

1 year ago

Read 2 more answers

[ Algebra 2 ]

svetlana [45]

see attached. i hope this helped