Answer:
Salary after 5 year(A) = $60,485 (Approx)
Step-by-step explanation:
Given:
Staring salary(P) = $43,125
Growth rate(r) = 7%
Number of year (n) = (6-1) = 5
Find:
Salary after 5 year(A)
Computation:
Salary after 5 year(A) = $60,485 (Approx)
This is called the leading term
The principle amount is simply what she borrowed initially so it would be $1,000.
The interest amount was how much was added from the initial amount:
$1,550 - $1,000 = $550
Answer:
its the first one
Step-by-step explanation: