Amount earned in compound interest = P(1 + r)^n; where P is the principal, r is the rate and n is the number of periods.
Amount = 3,000(1 + 14%)^6 = 3,000(1 + 0.14)^6 = 3,000(1.14)^6 = $6,584.91
Answer:
3000000000 times bigger
Step-by-step explanation:
Answer:
3/5
Step-by-step explanation:
Step one:
given data
Amy saved 1/5
her brother 4/5
Required
How much more did her brother save
Step two:
let us subtract Amy's savings from her brother's
4/5-1/5
=4-1/5
=3/5
