FREE5POINTS+THANKS+GOTTA ANSWER A SIMPLE QUESTION. What's your zodiac sign? ;D
1 answer:
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Answer: H
Step-by-step explanation:
, which is an integer.
Answer:
$1,701.64
Step-by-step explanation:
(see attached for reference)
recall that for compound interest, the following formula applies:
A = P [1 + (r/n) ] ^ (nt), where
A = final amount (we are asked to find this)
P = Principal amount = $1,200
r = interest rate = 5% = 0.05
t = 7 years
n = 12
Substituting these into the equation,
A = 1200 [1 + (0.05/12) ] ^ [(12)(7)]
A = $1,701.64
Just plug in 500 for p, 0.2 for r (because 20% is equivalent to 0.20), and 2 for t:
So, if you start with $500 and charge an interest rate of 20% for 2 years, you will gain $200 to get $700 in total.
So, if you start with $500 and charge an interest rate of 20% for 2 years, you will gain $200 to get $700 in total.