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1 answer:
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Answer:
2
Step-by-step explanation:
The square root of 2 is 1 and 1 multpied by 2 = 1
Answer:
$6370
Explanation:
The simple interest formula gives us the final amount A given the principal amount P:
where r is the interest rate and t is the time interval.
Now in our case we have
P = 2800
r = 4.25/100
t = 30 years
therefore, the above formula gives
which simplifies to give
Hence, the account balance after 30 years will be $6370.