All you need to do is divide 1000 by 4 which is 250 :)
Answer:
$97,958.42
Step-by-step explanation:
To solve this problem we can use the compound interest formula which is shown below:

<em>P = initial balance
</em>
<em>r = interest rate
</em>
<em>t = time
</em>
<em>
</em>
First change 6.5% to its decimal form:
6.5% ->
-> 0.065
Next plug in the values:


They have to pay back $97,958.42
The answer is 19.73 because 19 minus 1.67 is 17.33 and 17.33 plus 2.4 is 19.73
Answer:
3
Step-by-step explanation:
r=6/2=3