Answer:
$2,520
Step-by-step explanation:
The simple Interest earned on an deposit, P at a rate of r% for a period of t years is calculated using the formula:
P=$10,500
R=6%
T=4 years
Therefore:
Sally will earn $2520 interest after 4 years.
Dang... I just finshed taking my Geometry end of the year test and i forgot how to do this
Answer:
It takes $350 14 years to reach $700 with a semiannual interest rate of 2.5%.
Step-by-step explanation:
Giving the following information:
Initial deposit (PV)= $350
Interest rate (r)= 0.05/2= 0.025
Number of perids (n)= ?
Future Value (FV)= $700
<u>To calculate the time required to reach the objective, we need to use the following formula:</u>
<u></u>
n= ln(FV/PV) / ln(1+r)
n= ln(700/350) / ln (1.025)
n= 28.07
28.07/2= 14
It takes $350 14 years to reach $700 with a semiannual interest rate of 2.5%.
Answer:
because if you look at the graph if you work 20 hours you earn 160 dollars and it keeps going up with the amount of time you work
Ok! What’s your question?