6. In how many years will 3,650 amount
to 4,526 at the rate of 6% per annum?
Answers
Answered by
2
Answer:
Time=876*100/3650*6=4 yrs.
Step-by-step explanation:
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5
QUESTION:
In how many years will 3,650 amount
In how many years will 3,650 amountto 4,526 at the rate of 6% per annum?
ANSWER:
Principal = 3650
Amount = 4526
Rate = 6%
Time = t,
Interest = Amount - principal
= 4526 - 3650
= 876
TERMS USED:
- the amount of something is how much of it there is; a quantity of something
- Interest, in finance and economics, is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party.
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