Answered

Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Discover a wealth of knowledge from professionals across various disciplines on our user-friendly Q&A platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Li invests money in a savings account. She wants to know the amount of simple interest that she will earn in 6 years at 3.75 percent. What additional information does she need to find this amount?

Sagot :

Answer:

She needs the starting amount of money to create an equation.

Step-by-step explanation:

The formula that she can use when she has the starting amount or the y-intercept is this one: f(t)=P(1+b)^t.

t=time

b=percent

P=starting value

The formula with the information given is: f(6)=P(1+3.75)^6

Hope this helps!

If not, I am sorry.

Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.