Answer:
$1,519
Step-by-step explanation:
Given that :
Balance = principal = $520
Time (t) = 6 years
Annual. Interest rate (r) = 18% = 0.18
Using the compound interest formula:
A = P(1 + r/n)^nt
n = number of times interest is applied per period ; A = final amount
Since interest is compounded monthly, n = 12
A = 520(1 + 0.18/12)^(12 * 6)
A = 520(1 + 0.015)^72
A = 520(1.015)^72
A = 520(2.9211579)
A = 1519.0021
Hence, final amount = $1519
Answer:
Im sorry bro but there's no picture
Step-by-step explanation:
Firstly expand it: 50k + 5 + 4 + 16k
Collect like terms: (50k + 16K) + (5 + 4)
Simplify: 66k + 9.
Answer:
a- 16/100
b- 1/6
c- not sure
Step-by-step explanation:
