Answer:
The amount of interest earned at the end of 14 years would be $672.3486
Step-by-step explanation:
This is a simple interest problem.
The simple interest formula is given by:
In which E are the earnings, P is the principal(the initial amount of money), I is the interest rate(yearly, as a decimal) and t is the time.
In this problem, we have that:
So
The amount of interest earned at the end of 14 years would be $672.3486
Answer:
________
Step-by-step explanation:
Given
Line up the numbers
Multiply the top number by the bottom number one digit at a time starting with the ones digit left(from right to left right)
Multiply the top number by the bolded digit of the bottom number
Multiply the bold numbers: 1×4=4
Multiply the bold numbers: 2×4=8
Multiply the top number by the bolded digit of the bottom number
Multiply the bold numbers: 1×1=1
Multiply the bold numbers: 2×1=2
Add the rows to get the answer. For simplicity, fill in trailing zeros.
adding portion
Add the digits of the right-most column: 4+0=4
Add the digits of the right-most column: 8+1=9
Add the digits of the right-most column: 0+2=2
Therefore,
________