You put the highest exponent power first, then you go down until you reach a regular number (a number with a variable goes before a normal number)
Ex: 5x^3+2x^2+4x+5
Answer:
the principal and the amount is 1,800 and 13,800 respectively
Step-by-step explanation:
The computation of the simple interest and amount for the end of the 3rd year is shown below:
Simple interest is
= Principal × rate of interest × time period
= 12,000 × 5% × 3 years
= 1,800
Now the amount is
= 12,000 + 1,800
= 13,800
hence, the principal and the amount is 1,800 and 13,800 respectively
Answer:
2.14%
Step-by-step explanation:
Hopefully this helps!
Answer:
5.5%
Step-by-step explanation:
To solve this problem we can use a modified version of the simple interest formula which is shown below:
<em>I = interest amount</em>
<em>P = principal amount</em>
<em>t = time (years)</em>
<em />
The first step is to find the interest gained from the investment.
Next, plug in the values into the equation:
Multiply the bottom values
Divide the values
The last step is to convert 0.055 into a percent:
The interest rate is 5.5%
