, 05.06.2022darkremnant14

# I need help figuring out the answers for this cece9080

step-by-step explanation: erock5528

step-by-step explanation: dogisreallyeggroll
Step-by-step explanation:

Interest, is an additional money paid for borrowing money. it could be simple or compound interest.

simple interest= p×T×R/100

when interest is compounded annually

F= p(1+r)^t

F= future value

p= principal

r= rate

t= time

compound interest is calculated based on the initial and accumulated interest.

interest Linda earnsfist year

F= p(n+r)^n

F= 10000(1+0.02)^1

F= 10000×1.02= \$10200

interest= 10200-10000

interest = \$200

second year

F = 10200(1+0.02)^1

F=10200×1.02= \$10404

Interest= 10404-10200

interest= \$204

third year

F= 10404(1+0.02)^1

F= 10404(1.02)

F = \$10612.08

interest= 10612.08-10404

interest= \$208.08

Bob's interestI= p×t×R/100

first year

I=10000×1×0.02/100

interest= \$2

second year

I= 10000×2×0.02/100

interest= \$4

for the third year

I =10000×3 × 0.02/100

interest= \$6

check answer above for final computation   ### Other questions on the subject: Mathematics Mathematics, 21.06.2019, Tcrismon1000
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