Milfjenn7nfaitlad Milfjenn7nfaitlad
  • 26-01-2017
  • Mathematics
contestada

800 at 4.25% simple interst for 6 years

Respuesta :

TheHero
TheHero TheHero
  • 26-01-2017
Mo = initial money
M  = my current money $_$ ( the more the better)
I   = interest rate <3
t   = time

t = 6

I = 4.25/100  ( I assume you mean per year)

Mo = 800 ( I assume you mean initial money)

M = Mo+ Mo (I) * t
 
M = 800 + 800(4.25/100) * 6= 1004 

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