Answer:
a. $270
b. $3,278.18
Step-by-step explanation:
Given that
The principal amount is $3,000
Annual rate of interest is 3%
And, the time period is 3 years
We need to find out the simple interest & compound interest
The following formulas should be used
a. For simple interest
= Principal × rate of interest × time period
= $3,000 × 3% × 3 years
= $270
b. For compound interest
= Principal × (1 + rate of interest)^time period
= $3,000 × (1 + 0.03)3
= $3,000 × 1.03^3
= $3,278.18
Answer:
12/14 to 18/w
Step-by-step explanation:
the w would equal 21 (incase you needed it) since the unit rate is 1.5
Answer:
5,280
Step-by-step explanation:
Answer:
Step-by-step explanation:
Ea sports be like more money
