Question

help

Answer 1

P=6000
R=0.015
T=5
So
A=6000(1.015)^5
Try to solve it

Answer 2

do i add or multiply these numbers

Answer 3

k

Answer 4

First solve potential
Then multiply the result by 6000

Answer 5

6.000 x 1.015

Answer 6

No first
(1.015)^5

Answer 7

How much is it?

Answer 8

5.075

Answer 9

It is an exponential
So you have to multiply
1.015x1.015x1.015x1.015x1.015

Answer 10

yes its is

Answer 11

i think its d

Answer 12

So you'll get 1.077
Then multiply it by 6000

Answer 13

is d correct

Answer 14

No, how much is 6000x 1.077?

Answer 15

6462

Answer 16

6462

Answer 17

Yes so it's b

Answer 18

k thanks

Answer 19

That's because 1.015^5=1.077284
So whe you multiply it by 6000 you'll get the exactly result

Answer 20

Simple interest formula = PxIxN+P
Where:
P is the loan amount = 3000
I is the interest rate = 0.03
N is the duration of the loan, using number of periods = 5

Try to find the final amount he got here