$2900 at 13% for 30 years. i need simple interest and compounding interest

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Rambles asked Nov 2, 2022

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37 votes

$2900 at 13% for 30 years. i need simple interest and compounding interest

Mathematics
college

Rambles asked Nov 2, 2022

by Rambles

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22 votes

Answer:

113436.1041

Explanation:

2900 ( 1 +0.13 ) ^ 30

Formula : amount ( 1 + percentage ) ^ years

Benjamin Curtis answered Nov 4, 2022

by Benjamin Curtis

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26 votes

Answer:

Explanation:

simple:

2900(1+.13*30)=14210

Compounding

2900(1+.13)^(30)=113436.1041

Ghada answered Nov 9, 2022

by Ghada

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