The compound interest is applied to the remaining balance in the account
each subsequent year.
- The amount that must be deposited is approximately <u>$620.07</u>
Reasons:
The given compound interest rate, r = 6.25% = 0.0625
The balance in the account after 2 years, A = $700
Required:
The required deposit, <em>P</em>, that gives the given account balance after 2 years.
Solution:
The following is the compound interest formula to use;
Where;
t = 2 years
We get;
Which gives;
- The amount that must be deposited to give $700 after 2 years is P ≈ <u>$620.07</u>
Learn more about compound interest here:
brainly.com/question/10028292
Answer:
The distributive property.
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➷ The formula for this would be:
2пr
In words, this would be two x pi x radius
[note: the radius is half the diameter]
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➶ Hope This Helps You!
➶ Good Luck (:
➶ Have A Great Day ^-^
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Answer: ill try looking this one up to help u just add me on snap its johni_spurgeon
Step-by-step explanation:
Answer:
b) $41.85
Step-by-step explanation:
Discount = Original Price x Discount %/100
Discount = 45 × 7/100
Discount = 45 x 0.07
<em>You save = $3.15</em>
Final Price = Original Price - Discount
Final Price = 45 - 3.15
<em>Final Price = $41.85</em>
hope this helps and is right. p.s. i really need brainliest :)
