In the following figure, what is the measure of the angle c, in degrees, to two decimal places?
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Answer:
Step-by-step explanation:
All radii of a circle are congruent, so by the base angles theorem
- z = y = (180-50)/2 = 65.
Also, angles x and y are inscribed in the same arc, and they are thus congruent, meaning x = 65.
Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. The account balance after a period of 5 years will be $1.63634×10²⁰.
<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.
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
Given the principal amount is $12,385, the rate of interest is 7.5%, and the time period is daily. Therefore, the amount can be written as,
Hence, the account balance after a period of 5 years will be $1.63634×10²⁰.
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