Answer:
£780
Step-by-step explanation:
as its a decrease
we subtract 35 from 100 to get 65
we then divide 65 by 100
to get 0.65
then we do 0.65*1200
to get the answer of $780
Answer:
a line segment is an object with two endpoints , a ray is a part of a line that has no fixed starting point
Step-by-step explanation:
Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. Mike's account balance after 21 years is $69,131.44.
<h3>What is compound interest?</h3>
Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. It's the outcome of reinvesting interest rather than paying it out so that interest is received on the principal plus previously collected interest in the next quarter.,
where A is the final amount
P is the principal amount
r is the rate of interest
n is the number of times interest is charged in a year
t is the number of years
The principal amount that Mike invested is $29,000. The rate of interest is 7.24% compounded daily, for 21 years. Therefore, the account balance after 21 years is
= $69,131.44
Hence, Mike's account balance after 21 years is $69,131.44.
Learn more about Compound Interest:
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Answer:
The diameter of a circle is a line which joins two points on the circle and also passes through the centre of the circle. (In the adjoining figure AB is a diameter of the circle; C is its centre.) Express the diameter of the circle (d) in terms of its radius (r).
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