3 years ago

Write an equivalent algebraic equation for the sentence below.

Mathematics

1 answer:

tatuchka [14]3 years ago

5 0

Answer:

x-7=13

Step-by-step explanation:

x-7= 13

hope that helps

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Step-by-step explanation:

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If 17 bumper stickers cost $13.94, then 11 bumper stickers cost?

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3x4^3/34

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A bank made a farmer loan of $1,000 at 14% for 3 years compounded annually. Find the future value and the compound interest paid

Anna11 [10]

Answer:

Principal = $1,000

Rate of interest = 14% = 0.14

Time = 3 years

$A= P(1+r)^t$

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r = rate of interest in decimals

t = time

Substitute the values in the formula

$A= 1000(1+0.14)^3$

$A=1481.544$

Future Value is $1481.544

Compound interest = Amount - Principal = $1481.544- $1000 = $481.544

Formula of simple interest : $SI =\frac{P \times R \times T}{100}$

Substitute the values :

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So, Simple interest = $420

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= $481.544- $420

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So, Compound Interest is $61.544 more than simple interest.

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