What is the measure of each angle of a regular 24-gon? If necessary, round to the nearest tenth.
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The interest earned in 5 years would be $270
<u>Explanation:</u>
Given:
Principal, P = $1800
Rate of interest, r = 3%
Time, t = 5 years
Simple interest, I = ?
We know,
On substituting the value we get
Therefore, interest earned in 5 years would be $270
Step-by-step explanation:
i = interest 3% for 30 years
This is a simple dynamical system for whom the the solutions are given as
putting values we get
S=2000[\frac{(1.03)^{30}-1}{0.03}](1.03)
= $98005.35
withdrawal of money takes place from one year after last payment
To determine the result we use the present value formula of an annuity date
we need to calculate R so putting the values and solving for R we get
R= $6542.2356