The answer is $1,026.
Solving: Use Simple interest formula, I=Prt.
Make the rate into a decimal (1.6% -> 0.016)
plug in the numbers into the formula. 950 x 0.016 x 5 = 76$.
76$ will be our interest, now to find the balance we would have to add the the starting money (950) with our interest (76$), resulting in our answer of $1,026 after 5 years.
Answer: I'm not sure but there's some explanation..
Step-by-step explanation:
K=11
T=20
Symbol I C
Hope this helps!
*You also need a pic
Answer:
-500
Step-by-step explanation:
2300-6500-2500--1100--600-150-250-+600