Answer:
3x+y= -6
Step-by-step explanation:
Answer: B. the interest rate may change depending on the condition of the economy.
Step-by-step explanation:
By definition, in a adjustable-rate mortgage (which can be identified as ARM), the interest rates can fluctuates, this means that it can change periodically.
Therefore, the interest rate is fixed for a period of time and then it varies based on the index it is tied to. This index is set by market situation.
Then, keeping this on mind, the correct answer is the option B, which is: The interest rate may change depending on the condition of the economy.
I think it might be C but please wait for someone else to comment to confirm my answer :) have a beautiful day you are loved
Answer
this hard
explanation
sorry i can’t help
Given:
Principal = ₹ 5000
Compound rate of interest = 6% per annum
Time = 3 years
To find:
The amount after 3 years of compound interest.
Solution:
Formula for amount is:
Where, P is principal, r is rate of interest in % and t is the number of years.
Putting P=5000, r=6 and t=3, we get
On further simplification, we get
Therefore, the amount after 3 years of compound interest is 5955.08.
