Answer:
I got 1/2 one half..
Step-by-step explanation:
Simple interest is a method of calculating interest on an amount for n period of time with a rate of interest of r. The principal at the end of 3 years is $248.
<h3>What is simple interest?</h3>
Simple interest is a method of calculating interest on an amount for n period of time with a rate of interest of r. It is calculated with the help of the formula,
SI = (P × R × T)/100
where SI is the simple interest, P is the principal amount, R is the rate of interest, and T is the time period.
The principal at the end of 3 years is,
Principal after 3 years = P + (P × R × T)
= $200 + ($200 × 0.08 × 3)
= $200 + $48
= $248
Hence, the principal at the end of 3 years is $248.
Learn more about Simple Interest:
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Answer: 0.7
Locate the tenths place which is just to the right of the decimal point. We see a 6 in this spot. Just to the right of this 6 is the value 8. Since 8 is larger than 5, we bump the 6 up to 7 and erase everything else to the right. You can think of it like this
0.687 ---> 0.6 which bumps up to 0.7
This is like saying 687 is closer to 700 than it is to 600
Answer:
7.87 years
Step-by-step explanation:
#First we determine the effective annual rate based on the 9% compounded semi annual;
#We then use this effective rate in the compound interest formula to solve for n. Given that the principal doubles after 2 yrs:
Hence, it takes 7.87 years for the principal amount to double.
Answer:
(2,-4)
Step-by-step explanation:
We subtract 5 to the y-coordinate, so we have (2,-4)