Mathematics, 04.12.2020 14:10 mprjug6
Chris borrows £6000 at a simple interest rate of 10% per year.
He pays the money back after 4 years.
How much does he pay back in total?
Answers: 1
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Mathematics, 21.06.2019 20:10
A. use the formula for continuous compounding with the original example: $1000 invested at 2% for 1 year. record the amount to 5 decimal places. use a calculator. b. compare it to the result using the original compound interest formula with n = 365 calculated to 5 decimal places. which has a larger value? explain.
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Chris borrows £6000 at a simple interest rate of 10% per year.
He pays the money back after 4 years...
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