I believe it is going to be 60
Answer:
$5520
Step-by-step explanation:
Given data
Principal= $24000
Rate=10%
time= 2 years
Firstly, the compound interest is given as
A=P(1+r)^t
A=24000(1+0.1)^2
A=24000(1.1)^2
A=24000*1.21
A=$29040
The simple interest is given as
A=P(1+rt)
A=24000(1+0.1*2)
A=24000(1.2)^2
A=24000*1.44
A=$34560
Hence the difference is
=34560-29040
=$5520
Answer:
<em><u>note:</u></em>
<em><u>find the attached solution</u></em>
Memory
<span>brain
</span><span>consciousness
Hope this helps. I know it because I'm in your class</span>
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