Answer:
$280.51
Step-by-step explanation:
F= 200(1 + 07)^5
The future worth (F) of the investment at present (P) with a compound interest i after n years is calculated through the equation, F=P x (1 + i)^n
Answer: 2000
Step-by-step explanation:
Simple interest is calculated as:
(Principal × Rate × Time) / 100
We then slot the value into the formula. This would be:
720 = (P × 6 × 6)/100
720 × 100 = 36P
72000 = 36P
Principal = 72000/36
Principal = 2000
Answer:
100
Step-by-step explanation:
