Which of the following is not equivalent to the rest? 0.6 60% 20/40 10/60
1 answer:
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We must find time by using the simple interest formula:
I = P x i x t
I is the interest
P is the total principal
i is the rate of interest per year
t is the total time in years
In this example, when we plug our known values in, our formula looks like this:
t =
t =
t = 4
So time (in years) would be 4 years.
I = P x i x t
I is the interest
P is the total principal
i is the rate of interest per year
t is the total time in years
In this example, when we plug our known values in, our formula looks like this:
t =
t =
t = 4
So time (in years) would be 4 years.
Answer:
In 7.5 years, you will have $21,665.07 - $15,000 = $6,665.07 Interest
Step-by-step explanation:
