a simple interest account earns $75 at a rate of 1.5% over the course of 5 years.what was the principal amount on the account?
1 answer:
You might be interested in
Answer:
B) x = 7, y = 4
Step-by-step explanation:
you can find the value of 'y' first by connecting the bases with another altitute measuring 4 units
you now have an isosceles triangle where each leg is 4 which makes the hypotenuse equal to 4
to find 'x', it is the sum of 3 and 4
Answer:
A = 16010.32
Step-by-step explanation:
Given that,
Put P = 10,000, r = 0.08, k = 2 and n = 12 in the above formula to find A.
So, the value of A is 16010.32. Hence, the correct option is (B).