Answer:
-20%
My brain is weird on how i figure it out but I divided 48 by 60 and got .80 so i just got the other whole to make it 1 so it is 20%. This is not the correct way to do this but this is how i got my answer.
Answer:
b
Step-by-step explanation:
I did this problem before
Answer:
principal (p)=$35000
time(t)=8years
rate ( r)=7%
Step-by-step explanation:
- compounded amount(c.a)=p((1+r/100)^t )=$35000((1+7/100)^8)=$60136.5
- compound interest gain=$60136.5-$35000=$25136.5
- Karl gain interest in 1 year=$35000((1+7/100)-1)=$2450
- gain % in 1 year=$2450/$25136.5×100%=9.74%
