Answer:
$12,709
Step-by-step explanation:
P = $10,000
r = 3% = 0.03
t = 8 Years
n = Compounded Monthly = 12
A = P [1 + (r / n)]^nt
A = $10,000 [1 + (0.03 / 12)]¹² ˣ ⁸
A = $10,000 [1 + 0.0025]⁹⁶
A = $10,000 [1.0025]⁹⁶
A = $10,000 x 1.270868
A = $12,709
Answer:3?
Step-by-step explanation:
Answer:
Amount of interest = $600
Step-by-step explanation:
Given:
Deposited p = $5,000
Number of year n = 3
Interest rate r = 4% = 0.04
Find:
Amount of interest
Computation:
Amount of interest = P(r)(n)
Amount of interest = 5,000 x 3 x 0.04
Amount of interest = $600
Hi there!
In order to find the value of x, we'll need to use the inverse of tangent. This is our equation: tan ^ (-1) = 5/2
Solving the equation gives you approximately 68 degrees. The correct answer is C.