A hydraulic lift system utilizes two 3 in. diameter cylinders. Workers must determine how much the system is capable of lifting
1 answer:
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Answer:
The total amount after 3 years is = $ 2054.10
Explanation:
Given data
Principal Amount (P) = $ 1800
Rate of interest (R) = 4.5 %
Thus the total amount after 3 years compounded annually is given by the formula = P ×
⇒ 1800 ×
⇒ 2054.10
Thus the total amount after 3 years is = $ 2054.10
Compound interest earned in three years = 2054.10 - 1800 = $ 254.10