Answer: $1090
Step-by-step explanation:
Since Caroline won $205000 in a lottery and then paid $96000 in taxes, the remaining amount will be:
= $205000 - $96000
= $109000
The interest that the account will earn after just 6 months will be:
Interest = PRT
= 109000 × 2% × 6/12
= 109000 × 0.02 × 0.5
= $1090
An equation: 2x=3
an expression: 2x+5
Answer:
Side PN=26
y=16
Step-by-step explanation:
I put a photo of my work. It’s easier to do that then to try and put it all in words
Step-by-step explanation:
The answer of the question number 1 is b
The answer of the question number 2 is also c
The answer of the question number 3 is b
The answer of the question number 4 is a
Hello there! I can help you! The formula for compound interest is P(1 + r)^t, where P= principal (initial amount), r = interest rate (in decimal form), and t = time (in years). Let's do this step by step. First off, we add the rate into 1. 4% is the interest rate (0.04 in decimal form). 1 + 0.04 is 1.04. Now, what we will do is raise that number to the 2nd power, because the time that elapses is 2 years. 1.04² is 1.0816. That's that. Now, multiply 7,500 to find the total amount of money. 1.0816 * 7,500 is 8,112. There. Toby's savings account balance in 2 years is £8,112.
Note: To solve for compound interest questions like it, add 1 to the percentage rate in decimal form, raise that number to a power based on the number of years (for example, raise the number to the 7th power if we are looking for the balance after 7 years), and then multiply that number by the starting amount. After you raise the number by a power, there may be a lot of numbers behind it. Whatever you do, DO NOT delete the number. Keep it there and multiply it by the principal.
