It's actually: I = PRT
I = Interest
P = Principle
R = Rate
T = Time
Answer:
0.625N
Step-by-step explanation:
0.50N
0.80M = 0.50N, so M = ------------
0.80
and so:
0.50N
N*M = N*------------ = (5/8)N, or 0.625N
0.80
Answer: A = $1503.6
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1 + r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 1000
r = 6% = 6/100 = 0.06
n = 1 because it was compounded once in a year.
t = 7 years
Therefore,.
A = 1000(1 + 0.06/1)^1 × 7
A = 1000(1.06)^7
A = $1503.6
Just divide the 14,000 by 10,3 and will get sure right easy the correct answer
hope helped
Answer:
The direct consequences of poverty are well-known — limited access to food, water, health care or education are a few examples. However, the consequences of poor living conditions on the community are seldom discussed; indeed, if members of a community suffer from poor living conditions, then the entire community suffers.
