What is the value of x if e^3x+6=8
2 answers:
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Answer:
The Amount of money in the account after 28 years is $616,674.5
Step-by-step explanation:
Given as :
The principal amount placed in the account = p = $67,000
The rate of interest = r = 8.25%
The time period of amount in the account = t = 28
Let the Amount of money in the account = $A
Now<u>, From Compound Interest method</u>
Amount = Principal ×
A = p ×
Or, A = $67,000 ×
Or, A = $67,000 ×
Or, A = $67,000 × 9.2041
∴ A = $616,674.7
So, The Amount of money in the account = A = $616,674.5
Hence, The Amount of money in the account after 28 years is $616,674.5 Answer
The principal loan amount will be 250000. P is denoted by the principal loan amount
<h3> What is the amount?</h3>The complete repayment of money at the end of the period for which it was borrowed is referred to as the amount.
The given data in the problem is;
P is the principal loan amount
r is the rate of interest = 2.49%
n is the time period= of 30 years
The formula for the principal loan amount is found as;
Hence the principal loan amount will be 250000.
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