Answer:
I=Prt, I=simple interest, P=principal (starting amount), r=interest as a decimal, t =number of times the interest is paid or "time"
For example the simple interest earned on a $1000 deposit earning 4% APR for ten years is:
I=1000(.04)10
I=$400.00
Step-by-step explanation:
Answer:
the first one goes by 4n-1
the Second sequence goes by 3n + 13
Step-by-step explanation:
using the formula an=a1+d(n-1)
Answer=$8400
Add all the assets 7,000+3,000+12,000=$22,000
Add debts 13,000+600=$13,600
Assets - Debts
$22,000-13,600=$8,400
