Wallace will pay $6,325 after 6 years.
Given:
Principal = 5,000
interest rate = 4%
Term = 6 years
Compound Interest means that the interest earned will also be earning its own interest.
Compound Interest = Principal x (1+r)^t
C.I. = 5,000 x 1.04⁶
C.I. = 5,000 x 1.265
C.I. = 6,325 TOTAL AMOUNT HE WILL PAY.
6,325 - 5,000 = 1,325 interest for 6 years.
Answer:
6
Step-by-step explanation:
12+x=3x
2x=12
x=6
Let the original number be x.
Acc. to the question,
2x+1616=(2/5)x
or, 10x+8080=2x
or, 10x-2x= -8080
or, 8x= -8080
or, x= -8080/8
or, x = -1010
Therefore, the original number is -1010
Answer:
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Step-by-step explanation:
No
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