Answer:
To find the difference between two numbers, subtract the number with the smallest value from the number with the largest value. The product of this sum is the difference between the two numbers.
Answer: 2
Step-by-step explanation:
The common ratio is -5, note that each value is the previous value multiplied by -5.
Answer:
$103968.11
Step-by-step explanation:
Given information:
Principal amount = $240,000
Rate of interest = 1.2% = 0.012
Number of years = 30
Number of times in an year = 24
Formula for amount:
where
P is principal, r is rate of interest, t is number of years, n is number of times interest compounded in a year.
Now,
Hence, the interest is $103968.11.
