Answer:
2.
Step-by-step explanation:
1+1=2
Answer:
None of the above, it should be $4760
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 12%/100 = 0.12 per year,
then, solving our equation
I = 3500 × 0.12 × 3 = 1260
I = $ 1,260.00
The simple interest accumulated
on a principal of $ 3,500.00
at a rate of 12% per year
for 3 years is $ 1,260.00
the 3rd one. hope this helps
Answer:
$1500
6% interest
use the formula...
P(1+(r/100))^n
where P=initial amount
r=interest rate
t=time period elapsed
so ... for 5 years we get
$1500(1+(6/100))^5 = $1500(1.06)^5 = 2007.3383664
for 10 years
1500(1.06)^10 = 2686.271544814228043264
468 months = 39 years
1500(1.06)^39=14555.261231781943250017719606544
1 and one - twelfth
because 12gies 3 times in 37
