X is a variable, a variable you have to divide to cancel out
We first find out the amount in dollars of interest accrued after 2 years time.
Interest = Prt
where P is the principal, r is the rate and t is time
8% written in decimal fraction → 8/100 → 0.08
Interest = 17000 × 8% × 2
Interest = 1700 × 0.08 × 2
Interest = 2,720 dollars
We add the principal and the interest to get full amount paid, so:
17000 + 2,720 = 19,720
I hope that you good day
Answer:
Use the explantion to answer your question
Step-by-step explanation:
Amount he paid for first 20 shares
= $25 + (20 x $10.51)
= $25 + $210.20
= $235.20
Amount he paid for next 20 shares
= $25 + (20 x $8.93)
= $25 + $178.60
= $203.60
Thus, total amount paid
= $235.20 + $203.60
= $438.80
Answer:
hey it's you again. daniel
