Mathematics
22.03.2020 07:43
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How much compound interest is earned on $15,750 principal, with an annual interest
How much compound interest is earned on $15,750 principal, with an annual interest rate of 2% compounded annually, over 3.5 years? compound interest: a = p (1 + r)t a. $1130.34 b. $16,852.50 c. $1102.50 d. $16,889.06
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daniel8orange
4,7(15 marks)
Well if you multiply the original amount by .02 then times it by 3.5 and add that to the original amount, then that is your
15,750x0.02=315
315x3.5=1102.50
15,750+1102.50=16,852.5
15,750x0.02=315
315x3.5=1102.50
15,750+1102.50=16,852.5
harleycochran2ovyt3n
4,4(58 marks)
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Step-by-step explanation:
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