Answer:
Interest earned = 2713.8
Explanation:
We will solve this problem on two steps:
1- get the final amount after three years
2- get the interest earned by subtracting the initial amount from the final one.
1- getting the final amount after 3 years:
The formula that we will use is as follows:
A = P (1 + r/n)^(nt)
where:
A is the final amount we want to calculate
P is the initial amount = 6300
r is the interest = 0.12
n is the number of compounds per year =12
t is time in years = 3
Substitute to get the final amount:
A = P (1 + r/n)^(nt)
A = 6300 (1 + 0.12/12) ^ (12*3)
A = 9013.8
2- getting the interest earned:
Interest earned = final amount - initial amount
Interest earned = 9013.8 - 6300
Interest earned = 2713.8
Hope this helps :)
Slope intercept form = Y = Mx + B
15 = -3y + 21x
3y = 21x - 15
Y = 21/3 X - 15/3
Y = 7x - 5 = SI Form
Umm sorry i do not know that answer I am just getting the points for again so so so sorry ;(
Answer:d
Step-by-step explanation:
Answer:
i believe its 198
Step-by-step explanation:
