Find the circumference of the circle below. (Use 3.14 for Pi)
2 answers:
<em>The</em><em> </em><em>answer</em><em> </em><em>is</em><em> </em><em>7</em><em>5</em><em>.</em><em>3</em><em>6</em><em> </em><em>m</em>
<em>Please</em><em> </em><em>see</em><em> </em><em>the</em><em> </em><em>attached</em><em> </em><em>picture</em><em> </em><em>for</em><em> </em><em>full</em><em> </em><em>solution</em>
<em>H</em><em>ope</em><em> </em><em>it</em><em> </em><em>helps</em>
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Given Information:
Principle amount = P = $6,000
Interest rate = r = 4% = 0.04
Period in years = t = 5
Required Information:
How much interest will he earn in 5 years = ?
Answer:
Amount of interest = $1,299.92
Step-by-step explanation:
Using the formula given in the question,
Where B is the final amount, P is the initial amount, r is the interest rate and t is the number of years
The amount of interest earned is
Therefore, Quincy has earned $1,299.92 in terms of interest by investing $6,000 in a savings account at the rate of 4% annual interest for a period of 5 years.