Answer:
Simple interest is calculated by multiplying the daily interest rate by the principal, by the number of days that elapse between payments.
Step-by-step explanation:
Principal x rate x time = interest.
$100 x .05 x 1 = $5 simple interest for one year.
$100 x .05 x 3 = $15 simple interest for three years.
B)$20 but also dam these mother truckers are broke.
Answer:
Yes
Step-by-step explanation:
This is true because it is asking you if this is less than or EQUAL TO. 4 = 4, making it true.
SOLUTION
Given the question in the question tab, the following are the solution steps to answer the question.
STEP 1: Write the formula for calculating compound amount
where
A = final compounded amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
STEP 2: Write the given data
Semiannually means that n will be 2
STEP 3: Calculate the compound amount
Hence, the compounded amount after 4 years is $18,748.1972
Answer:
400
Step-by-step explanation:
Method for rounding:
Look at the number 1 place before the place you are rounding to.
If it is greater than 4: round up
otherwise: round down.
Ok,
here the number we're looking at is 8 cuz' 8 is in the ones place.
8 is bigger than 4 so we round up.
398.223 becomes 400
