Answer :
Answer:
principal=$6500
time=1year
rate=23%
Step-by-step explanation:
amount=p(1+r/100)^t=$6500(1+23/100)=$6500×1.23=$7995 is total end amount.
interest gain=total end amount- principal=$7995-$6500=$1495
Answer:
principal=$6500
time=1year
rate=23%
Step-by-step explanation:
amount=p(1+r/100)^t=$6500(1+23/100)=$6500×1.23=$7995 is total end amount.
interest gain=total end amount- principal=$7995-$6500=$1495