4. A town has a population of 450,000 people. If 60% of the population are under 25 years of age, how many people in the town ar
1 answer:
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Answer:
Principal = $1,000
Rate of interest = 14% = 0.14
Time = 3 years
A = Amount or future value
P = Principal
r = rate of interest in decimals
t = time
Substitute the values in the formula
Future Value is $1481.544
Compound interest = Amount - Principal = $1481.544- $1000 = $481.544
Formula of simple interest :
Substitute the values :
So, Simple interest = $420
Compound interest - Simple interest
= $481.544- $420
= $61.544
So, Compound Interest is $61.544 more than simple interest.
The answer would be:
A translation 5 units down, followed by a 180-degree counterclockwise rotation about the origin
See attached picture:
