Step-by-step explanation:
The formula for compound interest is
P = I (1 + r/n)^nt
where
P: the total amount of money in the account after a certain amount of time
I: the principal amount
r: the interest rate as a decimal
n: the number of times a year interest is compounded
t: the number of years passed
For Patrick:
P = 200 (1 + 0.02/12)^12*8
P = 200 (1 + 0.00166667)^96
P = 200 (1.00166667)^96
P = 200 * 1.00166667^96
P = $234.67
For Brooklyn:
P = 200 (1 + 0.04/4)^4*8
P = 200 (1 + 0.01)^32
P = 200 (1.01)^32
P = 200 * 1.01^32
P = $274.99
After 8 years, Patrick has $234.67 and Brooklyn has $274.99
Given that following incomplete deposit slip:
<span>Description Amount ($)
Cash, including coins $150.75
Check 1 $564.81
Check 2 $2,192.43
Check 3 $4,864.01
Subtotal $7,772.00
Less cash received ($721.50)
Total $7,050.50
Therefore, the amount of cash the person who filled out this deposit slip received is $721.50
</span>
Answer:
Step-by-step explanation:
Well....if 1/7 liters of milk makes 1/6 of a jug
Then six times this must be a full jug....so
6*(1/7) =
6/7 liters of milk required
i hope this helps you happy holidays let me know if you need more information
Answer: The answer is the 3rd one
