33
22 dimes and 9 nickels
x equals 1
f(4)=f(×)
x=1
3,200x7.253,200 x .0725 = $232 interest monthly
232monthly x 12annual= 2, 784
answer: 33 ( approx)
In the fields of finance and economics, interest is the payment made at a set rate by a borrower or deposit-taking financial institution to a lender or depositor in excess of the principal amount (the amount borrowed). It is not the same as a fee that the borrower might pay to the lender or another entity. Interest advance, but rather on a pro-rata basis as a share of the reward received by risk-taking business people when revenue is earned that exceeds all costs.
For Interest, a customer who borrows money from a bank typically pays interest on it, so they pay the bank more than they borrowed; likewise, a customer who earns interest on their savings may withdraw more than they originally put. When it comes to savings, the bank serves as the borrower while the consumer serves as the lender.
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