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2 years ago

In 25 years, a bond with a 4.75% annual interest rate earned $2,375 as interest. What was the principal amount of the bond?

Mathematics

2 answers:

OleMash [197]2 years ago

8 0

Answer:

Denote the principal amount: P

In 25 years, a bond with a 4.75% annual interest rate earned $2,375 as interest.

=> P x (1 + 4.75/100)^25 - P = 2375

=> P x 3.19 - P = 2375

=> P x 2.19 = 2375

=> P = 2375/2.19 = 1084.48$

Hope this helps!

svetoff [14.1K]2 years ago

7 0

Answer:$2000

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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$\text{Total surface area of cuboid}=2(lb+bh+hl)$ , where,

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$\text{ Length of canvass}=\frac{14220\text{ cm}}{100\frac{cm}{m}}$

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