Answer:
The percentage rate per annum is 2.8%
Step-by-step explanation:
We need to multiply the principal by the time, then divide the interest by the product of P×T, so:
1,600 × 5 = 8,000
224 ÷ 8,000 = 0.028
Then we convert our final product to a percentage.
0.028 to a percent is 2.8%
Answer:
Noooo
Step-by-step explanation:
Answer:
(Q) Find the amount in the account at the end of 1 year.
(A) $8,190
2.
(Q) Find the amount in the account at the end of 2 years.
(A) $16,380
n>-6 and n<3 (there's your answer my friend)