The interest rate will be equal to 24% in 2 years.
<h3>What is compound interest?</h3>
Compound interest is the interest levied on the interest. The formula for the calculation of compound interest is given as:-
Given that:-
- Find the interest rate if $32 increased to $50 in 2 years.
The interest rate will be calculated by using the following formula:-
![A = P[1+\dfrac{r}{n}]^{nt}](https://tex.z-dn.net/?f=A%20%3D%20P%5B1%2B%5Cdfrac%7Br%7D%7Bn%7D%5D%5E%7Bnt%7D)
![50=32[1+\dfrac{r}{1}]^{2}](https://tex.z-dn.net/?f=50%3D32%5B1%2B%5Cdfrac%7Br%7D%7B1%7D%5D%5E%7B2%7D)
1.56 = ( 1 + r )²
√1.56 = ( 1 + r )
r = 1.24 - 1
r = 0.24
r = 24%
Therefore interest rate will be equal to 24% in 2 years.
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Answer:
The answer would be B
Step-by-step explanation:
Your mean is 602.4, and your median is 609
Answer:between 5 and 5 1/2 inches
Step-by-step explanation:
Answer:
so you graph at (0,2), and go up one, over two for every other point you graph.
Step-by-step explanation:
rise over run.
basically, the m is the slope, and b is the y intercept (where it intersects the y axis).
so when looking at how to graph the line based on 1/2 or any other number, I use rise/run, which is basically telling us tha we need to go up one and over 2 (1/2)
if that makes any sense, let me know if you have any further questions. you got this, youre doing your best!!
slope is the start of your endless pain.
