Answered

Welcome to Westonci.ca, where curiosity meets expertise. Ask any question and receive fast, accurate answers from our knowledgeable community. Get immediate and reliable answers to your questions from a community of experienced experts on our platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

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

Sagot :

madethisfortwitch1

Answer:

Step-by-step explanation:

simple:

2900(1+.13*30)=14210

Compounding

[tex]2900(1+.13)^{30}=113436.1041[/tex]

Answer:

113436.1041

Step-by-step explanation:

2900 ( 1 +0.13 ) ^ 30

Formula : amount ( 1 + percentage ) ^ years

Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.