The answer is 1/r to the power of 9
Answer:
Step-by-step explanation:
A
Negative two..................
Answer:
He will have $39,750 at the end of five years.
Step-by-step explanation:
This is a simple interest problem.
The simple interest formula is given by:

In which E is the amount of interest earned, P is the principal(the initial amount of money), I is the interest rate(yearly, as a decimal) and t is the time.
After t years, the total amount of money is:

In this question:

Interest earned:

Total amount:

He will have $39,750 at the end of five years.
Answer:

Step-by-step explanation:
