There were 16 states added.
Tennessee, Ohio, Louisiana, Indiana, Mississippi, Illinois, Alabama, Maine,
Missouri, Arkansas, Michigan, Florida, Texas, Wisconsin, and California
Answer:
-3
Step-by-step explanation:
Let would be the annual interest rate such that,
I = P x r^t
For the 1st
160.67 = (2000) x r*8/12 ; r = 0.02277
The second case is just the same.
Answer:
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above