Answer:
If using simple interest, the formula is:
= Amount * ( 1 + rate * time)
= 20,000 * ( 1 + 4% * 5)
= $24,000
Interest = Balance after 5 years - Investment
= 24,000 - 20,000
= $4,000
Using Compound Interest:
= Amount * ( 1 + rate)^time
= 20,000 * ( 1 + 4%)⁵
= $24,333.06
Interest = 24,333.06 - 20,000
= $4,333.06
I'm not sure if I did this right.
Answer:
2
Step-by-step explanation:
2 or -2
Answer:
Step-by-step explanation:
5.22/6= 0.87 a piece
Answer:
x = -5
Step-by-step explanation:
x - 15 = -20
+ 15 + 15
x = -5