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1 year ago

How much interest is earned in just the 2nd year on a $1,000 deposit that earns 7% interest compounded annually?

Business

2 answers:

aleksandrvk [35]1 year ago

7 0

The interest earned compounded annually at $80.14

$1000 x (1.07)^2=1144.90 after 2 years

1144.90 x 0.07 = 80.14

A technique of calculating and adding interest to funding or mortgage as soon as a year, in preference to for any other period: if you borrow $100,000 at five% hobby compounded annually, after the first yr you'll owe $five,250 on a principal of $a hundred and five,000.

It's far to be mentioned that the above-given system is the general components while the major is compounded n quantity of instances in a yr. If the given most important is compounded annually, the quantity after the term at percentage fee of interest, r, is given as A = P(1 + r/a hundred)t, and C.I. could be P(1 + r/100)t - P.

That stated, annual hobby is commonly at a higher rate because of compounding. in place of paying out monthly, the sum invested has twelve months of increase. But if you are able to get the equal price of interest for month-to-month payments, as you can for annual bills, then take it.

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Alex Ar [27]1 year ago

3 0

The interest earned compounded annually at $80.14

$1000 x (1.07)^2=1144.90 after 2 years

1144.90 x 0.07 = 80.14

It's far to be mentioned that the above-given system is the general components while the major is compounded n quantity of instances in a yr. If the given most important is compounded annually, the quantity after the term at percentage fee of interest, r, is given as A = P(1 + r/a hundred)t, and C.I. could be P(1 + r/100)t - P.

Learn more about compounded here brainly.com/question/24274034

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Explanation:

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= (10,500 units × 100%) + (8,100 units × 100%)

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(B) The computation of the equivalent unit for conversion cost is shown below:

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3 years ago

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This is an example of <u>"arbitration".</u>

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When someone resolve the disputes outside the court, and that person is the third party who is solving the dispute of two parties, this process is known as arbitration. As in the given scenario Dr, hamrick is hired to resolve the disputes of the employees of the company, so this is the example of the process of arbitration.

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3 years ago

EB7.

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3 years ago

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The correct option is option C from the below options.

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As the question was not complete, the complete question is found online and is attached here with.

Also the options are not given which are as below:

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