1. Principal: $42000
Interest Rate:4.5%(p.a.)
Simple interest: 6300
Find the period and the amount.
2. interest rate:(p.a.) 4% (compounded half-yearly)
Period; 18 months
Amount;$53060.4
Find the principal and the compound interest.
Ans: 1. 40 months / $48300
2. $50000/$3060.4
I wanna know the steps, thx a lot.