3 years ago

How do you calculate compound interest? Please help me understand this

1 answer:

8 0

Answer:

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one

Step-by-step explanation:

i just did it

You might be interested in

What is 5/7 equivalent to

Lina20 [59]

If you're looking for the decimal it is

0.71428571428

4 0

3 years ago

Read 2 more answers

easy car rental charges $40 a day plus $.25 per mile race. rent a car charges $25 a day plus $.45 per mile. what number of miles

DiKsa [7]

A: cost= 3*55+.35m
B: cost=3*50+.40m

set the costs equal, and solve for m.

6 0

3 years ago

Create a polynomial function in factored form that has the following characteristics: zero at x = 1, multiplicity of 2; zero at

Nataliya [291]

$(x-1)^{2} (x+2)$

3 0

3 years ago

Simplify the following expression.

tankabanditka [31]

The answer is 2/3

or in decimal form: 0.6 repeated

7 0

3 years ago

Please Help!!!! Find two consecutive odd numbers whose product is 47 more than their sum.

fenix001 [56]

7 and 9

7 x 9 = 63

7+9=16

63-16 = 47

7 0

2 years ago