Answer:
Step-by-step explanation:
Given:
Required
Solve for JK.
Since J is on IK, we have:
Collect Like Terms
Solve for x
Substitute 1 for x in
Ok
I=PRT
P=present amount
I=interst
T=time in years
R=rate in percent
when you double your money, interest=present amount
I=1000=P
T=10 years
so
1000=1000(10)(R)
1000=10000R
divide both sides by 10000
0.10=R
10% is answer
Answer:
208
Step-by-step explanation:
Answer: $6, 720
Step-by-step explanation:
Formular for simple interest =P×R×T
where;
P= 6000
R= 3% = 0.03
T= 4 years
$6000 × 0.03 × 4
= $720
The total amount to be paid back at the end of time will be
$6,000 + $720
=$6, 720
I hope this helps
