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Mathematics, 08.02.2022 19:20 Zayybabii
Ben takes out a personal loan of £1200 with a simple interest rate of 20% for a term of 3 years. how much is the total cost of the personal loan after 3 years?
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Mathematics, 21.06.2019 20:10, morgantisch25
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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Ben takes out a personal loan of £1200 with a simple interest rate of 20% for a term of 3 years.
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