Determine the account balance of a simple interest account if the principal is $10,000, the interest rate is 1.5%, and the time

Question

3 years ago

13

is 5 years.

1 answer:

AnnZ [28] · Answer 1 · 2022-01-10T02:25:43+03:00

Answer:

Capital: 2 400

Tasa: 5% = 5/100 = 1/20

Tiempo: 4 años

A) Interés = capital*tasa*tiempo

Interés = 2400*(1/20)*4

Interés = 480 soles

B) Interés = Capital*((1 + tasa)^tiempo+1)

Interés = 2400*((1 + 1/20)^4 + 1)

Interés = 2400*((21/20)^4 + 1)

Interés = 2400*(194 481/160 000 + 1)

Interés = 2400*(354 481/160 000)

Interés = 5 317,215Step-by-step explanation: