Given:
Principal value = 40000
Rate of compounded interest = 20%
Time = 2 years
To find:
The interest.
Solution:
Formula for amount is
Where, P is principal, r is rate of interest and t is time in years.
Putting the given values, we get
Now, the formula for interest is
Therefore, the amount of compound interest is 17,600.
Answer:
Don't know, but good luck
Step-by-step explanation:
14 miles
added with the miles she warmed up is 17 miles
Answer: multiply each side then multiply the answer by 2