Answer:
$280
Step-by-step explanation:
Principal = $3,500
Time = 2 Years
Interest Rate = 4%
Interest = Principal x Time x Interest Rate
Interest = $3,500 x 2 x 0.04
Interest = $280
C
A square can be defined as a rhombus which is also a rectangle – in other words, a parallelogram with four congruent sides and four right angles. A trapezoid is a quadrilateral with exactly one pair of parallel sides.
Answer:
Find the effective rate of interest for 1% compounded monthly
Step-by-step explanation:
.944
2 1/9 = 2.111
7/6 = 1.167
2.111-1.167= .944