You have 5 gallons of water. You use of the
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Amount owed at the end of 1 year is 3640
<h3><u>Solution:</u></h3>Given that yoko borrows $3500.
Rate of interest charged is 4% compounded each year
Need to determine amount owed at the end of 1 year.
In our case :
Borrowed Amount that is principal P = $3500
Rate of interest r = 4%
Duration = 1 year and as it is compounded yearly, number of times interest calculated in 1 year n = 1
<em><u>Formula for Amount of compounded yearly is as follows:</u></em>
Where "p" is the principal
"r" is the rate of interest
"n" is the number of years
Substituting the values in above formula we get
Hence amount owed at the end of 1 year is 3640
Answer:
The time (t) it takes to clean an office building is <em><u>directly</u></em> <em><u>related</u></em> to the number of people (p) working.
t is proportional to p