How to do this question plz answer me step by step plzz plz
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Answer:
15%
Step-by-step explanation:
First, let's find how many pounds the dog's weight increased by during the year.
80 - 64 = 16
Now, knowing that the dog's weight increased by 16 pounds, we can use that to figure out the percentage of 16 out of 64 (divide them, then multiply by 100 to get a percentage).
• 100 = 0.25 • 100 = 25%
The amount to be paid after 3 years is $23,329.97.
<h3>What is Compound Interest?</h3>In order to compute compound interest, multiply the principle of the original loan by the annual interest rate multiplied by the number of compound periods minus one. You will then be left with the principal amount of the loan plus compound interest.
Given:
P= 20,000
r= 5.2%
t= 3 years
r = R/100
r = 5.2/100
r = 0.052 rate per year,
Now, solve for A
A = P
A = 20,000.00
A = 20,000.00
A = $23,329.97
Learn more about Compound interest here:
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