Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Get detailed answers to your questions from a community of experts dedicated to providing accurate information. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.
Sagot :
The values of a, b, and c are 300, 1.0125, and 15.
Compound interest
Compound interest is the interest on a loan or deposit calculated based on the initial principal and the accumulated interest from the previous period.
Given
[tex]\rm A = P[1 + \dfrac{r}{n}]^{nt}[/tex]
Where P is principal, r is the annual interest rate, n number of years, and t be the time.
Principal = $300
Rate = 18.75%
n = 15 years
To find
The expression.
How to replace the variables a, b, and c?
By the formula we have
[tex]\rm A = P[1 + \dfrac{r}{n}]^{nt}\\\\A = 300 [1.0125]^{15t}\\[/tex]
Then the values of a,b, and c are 300, 1.0125, and 15.
More about the compound interest link is given below.
https://brainly.com/question/25857212
We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.
