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

User Crockeea
by
5.7k points

2 Answers

4 votes

Answer:

113436.1041

Explanation:

2900 ( 1 +0.13 ) ^ 30

Formula : amount ( 1 + percentage ) ^ years

User Yuriy Vorobyov
by
5.1k points
3 votes

Answer:

Explanation:

simple:

2900(1+.13*30)=14210

Compounding


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

User Lucas Santos
by
5.3k points
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