The formula is
I=prt
I interest earned?
P principle 1295
R interest rate 0.07
T time 180/365
I=1,295×0.07×(180÷365)
I=44.70
Answer:
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but please have a beautiful weekend!! :)
Step-by-step explanation:
Answer:
$29,045.69
Step-by-step explanation:
The total amount accrued, principal plus interest, with compound interest on a principal of $25,000.00 at a rate of 3% per year compounded 365 times per year over 5 years is $29,045.69.
A = P(1 + r/n)nt
A = 25,000.00(1 + 0.03/365)(365)(5)
A = 25,000.00(1 + 8.2192E-5)(1825)
A = $29,045.69
Let p equal Pam's age, and , equal Marion's age. If Marion is 3 years MORE than 5 times Pam's age, that means that:
m = (5p) + 3
Hope that helps!