Answer:
It would be 29.
Step-by-step explanation:
Answer:
C
Step-by-step explanation:
P = $2000, Rate, r = 6% = 0.06 per year, Time, t = 5 years.
For compound interest compounded annually:
A) Amount, A = P(1 + r)^t
A = 2000(1 + 0.06)⁵
A = 2000(1.06)⁵ ≈ 2676.45
Amount ≈ $2676.45
<span>B) Interest = Amount - Principal </span>
= 2676.45 - 2000 = 676.45
<span>Interest ≈ $676.45<span> </span></span>
Answer:
12
Step-by-step explanation:
Calc
If you would like to solve the equation a/b = c for b, you can do this using the following steps:
<span>a/b = c /*b
</span>a = c * b /c
b = a/c
The correct result would be <span>b = a/c.</span>
