Answer: Grimm I just wanted to tell you this, you can have Kim back. If we never met this wouldn't have happened, I am very sorry I took her away from you, and I feel selfish..

Step-by-step explanation: I just wanted to apologize..

I won't be on here anyway.. :^

6 0

3 years ago

$2000 was borrowed for 4 years with an interest rate of 3% compounded annually. What is the total amount owed at the end of the

kompoz [17]

Answer:

$\$2,251.02$

Step-by-step explanation:

we know that

The compound interest formula is equal to

$A=P(1+\frac{r}{n})^{nt}$

where

A is the total amount owed

P is the amount of money borrowed

r is the rate of interest in decimal

t is Number of Time Periods

n is the number of times interest is compounded per year

in this problem we have

$t=4\ years\\ P=\$2,000\\ r=3\%=3/100=0.03\\n=1$

substitute in the formula above

$A=2,000*(1+\frac{0.03}{1})^{1*4}$

$A=2,000*(1.03)^{4}$

$A=\$2,251.02$

4 0

3 years ago

Read 2 more answers

The quotient of 7 and the sum of x and 1

Len [333]

Answer:

7÷(x+1)

Step-by-step explanation:

7÷(x+1)

5 0

3 years ago