100
6738 —> 7000
5903 —> 6000
7000 - 6000 = 1000
To find the total amount, you will use the formula for finding compounded interest. This means you will be paid interest on top of the interest you have earned each year.
A = P(1 + r)^nt
P stands for the principal.
r is the interest rate when compounded annually
nt is the number of years
A = 17.50(1 + 0.04)^25
A = $46.65
This person would have $46.65 after 25 years.
Answer:
If q, then p
Step-by-step explanation:
The given conditional statement is "If p, then q"
We want to find the converse of this conditional statement.
The converse is formed by switching the hypothesis (p) and the conclusion (q).
Therefore the converse of the given conditional is "If q, then p"
