Answer:
0.09
Step-by-step explanation:
Given:
Principal = <span>£100
Interest rate = 6%
Interest = </span><span>£12
Simple Interest is computed by multiplying the principal by its interest rate and term
Interest = Principal * rate * term
12 = 100 * 0.06 * term
12 = 6 * term
12/6 = term
2 = term
It will take 2 years for </span>£100 to earn <span>£12 at 6%</span>
Because in the money market the money can be withdrawn in any moment buy in the certiicates of deposit there is a maturity date, that is when money can be withdrawn.
You need to subtract 6 from 24 because it’s the inverse operation of addition which will help you find the unknown value, x.
Answer:
42.73568802
Step-by-step explanation:
6.973568802×10=69.73568802
69.73568802-27=42.73568802
I used google calculator
