You would take the amount of increase and divide it by the amount of total cost over the time period of certain months. Then you would multiply that number by the percentage of increase gained, and subtract 96.12 to get your answer.
I’m not 100% sure but probably 16 weeks
Answer:
YES!!!
Step-by-step explanation:
I am not very sure about my answer but I will try my bes.
I think you earn 3% of $1200 every year for 5 years.
so 1200 divided by 100 is 12 which is 1% of 1200
12 multiplied by 3 is 36.
so 3% of $1200 is $36.
multiplied by 5 is $180.
you earn $180 interrs over 5 years with an interest rate of 3% from $1200
If the interest rate was increased by 1%, then you will earn a total of 4% interest.
4% of $1200 is 12 times 4 = $48
over 5 years, earning 4% of interest rate, you will earn a total of $240 interest.
If the interest rate is 3%, then over 5 years you will earn $180.
If the interest rate is 4%, then over 5 years you will earn $240.
If the year was increased by 1 then you will earn $36 × 6 dollars which is $216 with a 3% interest rate.
If the year was increased by 1 then you will earn 48 × 6 dollars which is $288 with a 4% interet rate.
2,720 dollars total next time try 10 times 17 times 16
