chuchi24
02.06.2021 •
Mathematics
Please I need the answer today
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Ответ:
a)
$4,000 + $960 = $4,960
She has $4,960 in her account at the end of 3 years
b)
i = Prt
r = i/Pt
r = 960 / 4000 * 3
r = 960 / 12000
r = 0.08
Annual interest rate is 0.08 or 8%
c) If 1% greater then r = 0.09 (9%)
i = Prt
i = $4,000 * 0.09 * 3
i = $1, 080
The different: $1, 080 - $960 = $120
She would have $120 more in her account if the interest rate were 1% greater.