legobuster0412
Answered

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Last year, "Raina" opened an investment account with $6500 . At the end of the year, the amount in the account has increased by 23% .

year end amount=_ X original amount

Year end amount_

Sagot :

Answer:

principal=$6500

time=1year

rate=23%

Step-by-step explanation:

amount=p(1+r/100)^t=$6500(1+23/100)=$6500×1.23=$7995 is total end amount.

interest gain=total end amount- principal=$7995-$6500=$1495

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