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d1i1m1o1n [39]
2 years ago
12

HELP HELP !! & PlEASE SHOW WORK ! What would be the compound interest rate if Tom borrowed $6,000 at a 3% interest rate for

2 years?
$365.40
$185.40
$180.00
$250.00
Mathematics
1 answer:
In-s [12.5K]2 years ago
3 0

Answer:

Compound interest = $365.4

Step-by-step explanation:

Given:

Amount borrowed = $6,000

Rate of interest = 3%

Number of year =  year

Find:

Compound interest

Computation:

A = P[1+r]ⁿ

Amount after 2 year = 6,000[1 + 3%]²

Amount after 2 year = 6,000[1 + 0.03]²

Amount after 2 year = 6,000[1.03]²

Amount after 2 year = 6,000[1.0609]

Amount after 2 year = 6,365.4

Compound interest = Amount after 2 year - Amount borrowed

Compound interest = 6,365.4 - 6,000

Compound interest = $365.4

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2 years ago
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If A and B are independent, then P(A\cap B)=P(A)P(B).

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2 years ago
3 hundred thousand 3 thousand 8 hundred 4 tens
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Step-by-step explanation:

3 0
3 years ago
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Troyanec [42]
So find how much was eaten
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7 0
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nadya68 [22]

Answer:

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Step-by-step explanation:

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2 years ago
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