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:
Hello! answer: 68
Step-by-step explanation:
Hello I explained how to find the answer already for you so I will just show the work here
60 × 60 = 3600
32 × 32 = 1024
3600 + 1024 = 4624
√4624 = 68
68 × 68 = 4624 therefore c = 68 Hope that helps!
Answer:
$71.12 a month
Step-by-step explanation:
$426.72÷6=$71.12
Answer:
1. given
2. distributive property
3. addition property of equality
4. commutative property
Answer:
491
/8
Step-by-step explanation: