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1940swannabe
28.01.2021 •
Mathematics
Mr Parsad places £1007 into a
savings account and gains 8%
interest per annum. How much
money is in the account after 9
year?
Solved
Show answers
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Ответ:
$ 1,732.04
Step-by-step explanation:
A = $1,732.04
I = A - P = $725.04
Equation:
A = P(1 + rt)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 8%/100 = 0.08 per year.
Solving our equation:
A = 1007(1 + (0.08 × 9)) = 1732.04
A = $1,732.04
The total amount accrued, principal plus interest, from simple interest on a principal of $1,007.00 at a rate of 8% per year for 9 years is $1,732.04.
Ответ:
i havent heard of it
Step-by-step explanation: