Answer to Question #22296 in Other Math for Vanessa Wong
How much total interest will have been earned?
Determine the annual rate of interest, compounded quarterly?
The answer is 174.48 and the annual rate of interest is 10% but how do u get it?
450 * 18 = 2700
2874,48-2700 = 174.48 - his income for all the time.
So his cupping percentage is - 174.48 / 18 * 100 = 10%
ANSWER 174.48; 10%
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