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2 years ago

12

Suppose you earn 3% on a $1200 deposit for 5 years. Explain how the simple interest is affected if the rate is increased by 1% W

hat happens if the time is increased by 1 year?

1 answer:

Soloha48 [4]2 years ago

6 0

So if 3% on 5year term and then it increased 1% it won't be 5 anymore it would go by 6 because it has increased by 1% and just add 1200 6 times.

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Step-by-step explanation:

<u><em>Explanation</em></u>

Given

$(\frac{8^4}{10^4} )^{-\frac{1}{4} }$

By using algebra formulas

$(\frac{a}{b} )^{m} = \frac{a^m}{b^n}$

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<u><em>Final answer:-</em></u>

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