[1 6 9 3] [2 5 8 1] [0 2 2 4] what are the dimensions of the matrix
1 answer:
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Answer:
<h2>Step-by-step explanation:
Principal ( P ) = $ 300
Rate ( R ) = 3%
Time ( T ) = 2 years
Now, let's find the simple Interest:
I =
Extra information:
Simple Interest
In our daily life when we borrow a sum of money either from a moneylender or from any financial company, we have to pay the money back by adding with extra sum of money. This borrowed money is called principal. The extra money to be paid for the borrowing money is called interest , which is paid after certain duration in certain rate. At last, the borrowed money should be paid back along with interest which is called amount.
Interest is based on three factors : Principal ( P ) , Rate of interest ( R ) and Time ( T ). While computing the interest, the rate must be in percent and time in years.
On simplifying
And from the definition,
Amount ( A ) = Principal ( P ) + Interest ( I )
Principal ( P ) = Amount ( A ) - Interest ( I )
Interest ( I ) = Amount ( A ) - Principal ( P )
Hope I helped!
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