ItsbeenAgatha
ItsbeenAgatha ItsbeenAgatha
  • 02-11-2021
  • Mathematics
contestada

A bank made a farmer a loan of $1,400 at 15% for three years compounded annually. Find the future value and the compound interest paid on the loan. Compare the compound interest with simple interest for the same period?

Respuesta :

2027177
2027177 2027177
  • 02-11-2021

Answer: The principal amount is P=$1000P=$1000. •

Step-by-step explanation:

Answer Link

Otras preguntas

Anyone explain on what to do?Sabah has $450 to pay for college textbooks. She expects to pay about $75 per book. Her friend told her that 4 of them can be check
In trapezoid ABCD with bases AB and DC , diagonals intersect at point O. Find the length of diagonal BD , if BO=6 cm and: AO/AC = 3/4
Can someone help me please
Define the terms, symbol and logo. Think about how they are similar and/or different
Determine if the following statements describe Populists or Progressives. 1. Supported William Jennings Bryan for president. 2. Supported the Free Silver Move
what is endometriosis
estimate 66.81 + 10.19
The founder of modern China is _____.
In a certain function, an output is 4 more than half its input. Complete the input/output table for the function.
What is the speed of a periodic wave with a frequency of 4.5 Hz and a wavelength of 0.9m