When someone lends money to someone else, the borrower usually pays a fee to the lender. This fee is called 'interest'. 'Simple' interest, or 'flat rate' interest. The amount of simple interest paid each year is a fixed percentage of the amount borrowed or lent at the start. <span>Interest = Principal × Rate × Time</span>
Answer:
The situation that says Sasha sells a scarf for $10.00 and xjackets for 25.75 each
Step-by-step explanation:
We know thatt she is only selling one scarf for $10.00 and we know we are multiplying X jackets times 25.75
so 25.75x + 10
Answer:
idk
Step-by-step explanation:
Answer:
<h2>
£1,330.46</h2>
Step-by-step explanation:
Using the compound interest formula
A = amount compounded after n years
P = principal (amount invested)
r = rate (in %)
t = time (in years)
n = time used to compound the money
Given P = £1200., r = 3.5%, t = 3years, n = 1 year(compounded annually)
Value of Charlie's investment after 3 years is £1,330.46
Time it by the number before hand and you get 8 then 16 then 32 . Think about it it works and it’s a consistent continental