Answer:
c=6+D=6
Step-by-step explanation:
b is the common denominator
1.742 x 10^-3
<em>This is because you have to move the decimal so there is no non zero digits left in the decimal point and if the number of decimal places you move will be the exponent on the "10". If you move the decimal to the right it will be a negative and if you move it to the left it will be a positive.
</em>
Answer:
$103968.11
Step-by-step explanation:
Given information:
Principal amount = $240,000
Rate of interest = 1.2% = 0.012
Number of years = 30
Number of times in an year = 24
Formula for amount:
where
P is principal, r is rate of interest, t is number of years, n is number of times interest compounded in a year.
Now,
Hence, the interest is $103968.11.
