In this problem the question asked is what principal should be invested on a rate of interest of 3.6% for 10 years to get the totals amount as 50000$
the formula for compound interest is
A=P*(1+R/100)^T
we shall replace the formula
50000=X*(1+3.6/100)^10
50000=x*(100/100+3.6/100)^10
50000=x*(103.6/100)^10
50000=X*(1.036)^10
50000=1.4242x
50000/1.4242=X
35107.42=X
hope u found this useful
feel free to check
pls out this as a brainliest answer please
Answer:
B
Step-by-step explanation:
To simplify most teachers prefer to round to tenth or hundreth
best answers: 0.9, 0.87
Answer:
3 is the answer
Step-by-step explanation:
#carryonlearning
Answer: B
Step-by-step explanation:
