Given:
principal = 7,000
interest rate = 5% compounded annually
term = 3 years
A = P (1 + r/n)^nt
A = future amount to be received by First Consumer Bank
P = loan principal
r = rate
n = number of times compounded in a year
t = term
A = 7,000 ( 1 + 5%/1)^1x3
A = 7,000 (1.05)³
A = 7,000 (1.157625)
A = 8,103.375
First Consumer Bank will receive 8,103.375 from Jane after lending 7,000 for 3 years compounded annually at 5%.
Answer:
one 4 Two yes And 4
Step-by-step explanation:
22,500-71%= the answer would be 15,975
Answer:
The answer would be...5(x + 2y minus 3)
