= $ 1,605.00
Equation:
A = P(1 + rt)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 3.5%/100 = 0.035 per year,
then, solving our equation
A = 1500(1 + (0.035 × 2)) = 1605
A = $ 1,605.00
The total amount accrued, principal plus interest,
from simple interest on a principal of $ 1,500.00
at a rate of 3.5% per year
for 2 years is $ 1,605.00.
Answer:
3.2 Least-Squares Regression & Residuals ... Slope - The amount of soda is predicted to increase by ... of the explanatory variable x used to obtain the line.
108 is 144% of 75! Hope I helped. :)
Answer:
$1,500,000
Step-by-step explanation:
Given
Principal = $1,000,000
Rate = 5%
Time = 10years
Interest = PRT/100
Interest = 1000000*5*10/100
Interest = 100000*5
Interest = $500,000
Amount after 10years = $1,000,000+ $500,000
Amount after 10years = $1,500,000
