Answer:
$69.60
Step-by-step explanation:
58 increase 20% =
58 × (1 + 20%) = 58 × (1 + 0.2) = 69.6
We cannot help you with that, sorry
Answer:
7.405882353 years
Step-by-step explanation:
Simple interest is
A = P(1+rt)
Where A is the amount in the account
P is the principle invested
r is the rate and
t is the time
6593.75 = 5000( 1+ .0425*t)
Divide each side by 5000
6593.75/5000 = ( 1+ .0425*t)
1.31475 = ( 1+ .0425*t)
Subtract 1 from each side
.31475 = .0425t
Divide each side by.0425
.31475/.0425 = .0425t/.0425
7.405882353 = t
7.405882353 years
