ochuc003316 ochuc003316
  • 21-09-2022
  • Mathematics
contestada

find the interest rate if $13400 has a final value of $17829 in 4 years give your answer to 1dp

Respuesta :

BingWingDing
BingWingDing BingWingDing
  • 21-09-2022

Answer: It is $4429 (interest combined) or $1107.25 (interest annually)

Step-by-step explanation:

1. Subtract 13400 from 17829:
17829 - 13400 = 4429

2. Now, we know that 4429 is the accumulated interest in 4 years, now divide 4429 by 4:
4429/4 = 1107.25

3. Now we know that 1107.25 is the interest accumulated every year.

Answer Link

Otras preguntas

You have had a class discussion on the following question:What areYou have had a class discussion on the following question:What are the pros and cons of keepin
What is the moral of the story "By the Waters of Babylon"?
i am stuck heres the question;the product of 2 numbers is 144 and their difference is 10 what is the su of the 2 numbersif you can help Thanks¡
use the digits 1, 2, 3, 4 and 5 so the quotient is greater than 200 and the reminder is zero. Use each digit only once.9635 / xx = xxx
How many solutions will the following equation have: x squared -49=0
What are two differences between a rhizoid and a rhizome?
If a function f is continuous for all x and if f has a relative maximum at (-1, 4) and a relative minimum at (3, -2), which of the following statements must be
name the 4 main elements that make up 95% of an organism
Why did antidemocratic governments rise to power in postwar Europe and Asia?
How and Why were Roman/Greek Gods different to Egyptian Gods?