Step-by-step explanation:
$1 = £0.71. Change $530 into £.
530 x 0.71
= 376.3
32 ft;
1. 64/2=8 per each side
2. 8+8+8+8= 32ft ( add 8 four times as a frame covers the perimeter of the canvas)
The amount of the loan after 11 years is $34,113.53 and the intereest earned is $4,113.53
<h3>How to calculate the compound interest</h3>
The formula for calculating the exponential function is expressed as:
Given the following
- P = 30,000
- r = 0.047
- t = 11 years
- n = 4
Substitute into the formula to have:
Hence the amount of the loan after 11 years is $34,113.53
<h3>
Find the interest earned</h3>
Interest = A - P
Interest = 34,113.53 - 30000
Interest = 4,113.53
Hence the intereest earned is $4,113.53
Learn more on compound interest here: brainly.com/question/24924853