Milfjenn7nfaitlad Milfjenn7nfaitlad

26-01-2017
Mathematics

Answered

800 at 4.25% simple interst for 6 years

Verified Answer :

TheHero TheHero

26-01-2017

Mo = initial money
M = my current money $_$ ( the more the better)
I = interest rate <3
t = time

t = 6

I = 4.25/100 ( I assume you mean per year)

Mo = 800 ( I assume you mean initial money)

M = Mo+ Mo (I) t

M = 800 + 800(4.25/100) 6= 1004

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