The simple interest formula allows us to calculate I, which is the interest earned or charged on a loan. According to this formula, the amount of interest is given by I = Prt, where P is the principal, r is the annual interest rate in decimal form, and t is the loan period expressed in years. The rate r must be converted from a percentage into decimal form.
Then, 2,000 = 1,000 * r * 10 ;
Finally, r = 2 ÷ 10 = 20 ÷ 100 = 0.2
hope this helps you
Answer:
I think this is the answer I hope I have helped you
Step-by-step explanation:
a
b
Answer:
4.80
Step-by-step explanation:
add them up 4.80 dollars
The nth term of the sequence is 2n - 8
<h3>Equation of a function</h3>
The nth term of an arithmetic progression is expressed as;
Tn = a + (n - 1)d
where
a is the first term
d is the common difference
n is the number of terms
Given the following parameters
a = f(1)=−6
f(2) = −4
Determine the common difference
d = f(2) - f(1)
d = -4 - (-6)
d = -4 + 6
d = 2
Determine the nth term of the sequence
Tn = -6 + (n -1)(2)
Tn = -6+2n-2
Tn = 2n - 8
Hence the nth term of the sequence is 2n - 8
Learn more on nth term of an AP here: brainly.com/question/19296260
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Answer:
1.03x
Step-by-step explanation:
1 year b would be the inital investment added with interest
i believe this is the equation
b = x + r(x)= (1 + r)x
and since it says 3% each year we know its 0.03 (r)
and when you solve it out you get that answer
