Westonci.ca is the trusted Q&A platform where you can get reliable answers from a community of knowledgeable contributors. Connect with professionals on our platform to receive accurate answers to your questions quickly and efficiently. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.
Sagot :
Well, the formula for simple interest is
[tex]I=prt[/tex]
"I" is interest, "p" is the principal, "r" is the rate, and "t" is the time.
If you substitute the numbers, you get
[tex]I=1,000(0.06)(3.5)[/tex]
When you multiply them together, you get
[tex]I=210[/tex]
So, the simple interest for 3.5 years is $210.
But, in order to get the total balance, you have to add the interest and the principal together.
[tex]B=1000+210 \\ B=1210[/tex]
So, the balance after 3.5 years is $1,210.
[tex]I=prt[/tex]
"I" is interest, "p" is the principal, "r" is the rate, and "t" is the time.
If you substitute the numbers, you get
[tex]I=1,000(0.06)(3.5)[/tex]
When you multiply them together, you get
[tex]I=210[/tex]
So, the simple interest for 3.5 years is $210.
But, in order to get the total balance, you have to add the interest and the principal together.
[tex]B=1000+210 \\ B=1210[/tex]
So, the balance after 3.5 years is $1,210.
Answer:
$1210
Step-by-step explanation:
The solution is one thousand two hundred ten dollars. p is one thousand dollars. r is six percent. t is three point five years. Multiplying, the interest earned is two hundred ten dollars.
To find the balance, add the principal, one thousand dollars, to the interest earned, two hundred ten dollars. This equals one thousand two hundred ten dollars.
Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.
