Answer:
p > 5/14
Step-by-step explanation:
Answer:
B)
(in $)
Step-by-step explanation:
Value of $100 after 10 years if I earn 11 % interest per year is given by,
$ 
(in $)
We know that if,
Principal= P
Rate of annual compound interest = r %
Time = n year
then amount, A = 
Answer:
tryl
Step-by-step explanation:
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Answer:
$130.61
Step-by-step explanation:
Interest = 2.9% (Compounded interest)
P= $850, t = 60 month = 60/12 = 5 years
Interest earned = P(1+r/100)^n - P
Interest earned = 850 * [(1+2.9/100)^5} - 850
Interest earned = 850 *(1.029)^5 - 850
Interest earned = 850 * 1.1536575 - 850
Interest earned = 980.6088 - 850
Interest earned = $130.6088
Interest earned = $130.61