To find this answer, we need to multiply 3.57 by 12.
Therefore, 12 planks will cost $42.84.
Therefore, 12 planks will cost $42.84.
What's 1 + 1 PLEASE HELPPPP
2 answers:
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Answer:
The total amount accrued, principal plus interest, from compound interest on an original principal of $ 2600 at a rate of 7% per year compounded 1 time per year over 13 years is $ 6266.
Step-by-step explanation:
Given
Principle P = $2600
Interest rate r = 7% = 0.07
Time period t = 13 years
Compounded annually means: n = 1
To determine
Accrued Amount = ?
Using the formula
substituting P = 2600, r = 0.07, t = 13, n = 1
$
Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 2600 at a rate of 7% per year compounded 1 time per year over 13 years is $ 6266.