Answer:
Step-by-step explanation:
The Letter B
6
we have to subtract 5×⁴-4׳+3ײ-2×from 8×⁴-7׳+2
10.50 is the interest
B = p(1 + r)^t
P = 50
r = .10
t = 2
B = 50(1 + .1)^2
= 50(1.1)^2
= 50(1.21)
= 60.5
But we want to know the interest and this is the balance
60.5- 50 = 10.5
