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Hi i need help with these questions

Hi i need help with these questions-example-1
User Dan Korn
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1 Answer

2 votes

Answer:

for 18 i got $28 100×.04×7

and for 19 i got $348.92

300(1+.051 or [5.1/100] /2)to the power of 6 or [3×2]

Explanation:

Simple interest is Principal × Rate ×Time but you turn the rate into a decimal

Compounded interest is (F)inal (V)alue(1+(r)ate/(n)umber of times interest is compounded) to the power of (N×T)ime

User Jeff Kelley
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