<u><em>Answer: r=12.3 *The answer must have a positive sign or decimal point.*</em></u>
Explanation:
First, you had to do is add 17.1 from both sides of an equation.
And then, simplify by equation.
You can also add by the numbers.
Hope this helps!
Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.
1 answer:
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Recall the compound interest formula
Where r = 0.04, n = 12 since compounded monthly, t = 30, and p, initial value, is 24000.
Plug them in, 79523.95 seems to be the solution.
Where r = 0.04, n = 12 since compounded monthly, t = 30, and p, initial value, is 24000.
Plug them in, 79523.95 seems to be the solution.