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Svetach [21]
3 years ago
9

Using the expression above choose the correct answer for the new balance in amount of interest earned in the following compound

interest problem $950 at 7% for eight years compounded annually
Mathematics
2 answers:
Brrunno [24]3 years ago
5 0

Answer:

$1,632.28

Step-by-step explanation:

Here is the website I used

https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator

tankabanditka [31]3 years ago
3 0

Answer:

Given:

P=950

r=0.07

t=8

F=950(1.07)^8

= 1632.28 (total amount)

Interest = total amount - principal

=1632.28 - 950

=682.28

Step-by-step explanation:

The formula is:

Future value = accumulated amount, F = P(1+r)^t

P=principal

r=annual interest rate [compounded annually]

t=number of years of loan

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A nautical mile is the unit of length used in sea and air navigation. A
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Answer:

86.82%

Step-by-step explanation:

A nautical mile = 6,174 feet.

Statute mile =5,360 feet

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Approximately to the nearest hundredth = 86.82%

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MAXImum [283]

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Step-by-step explanation:

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3 years ago
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Aleksandr-060686 [28]

Answer:

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most likely answer choice B

Step-by-step explanation:

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To find the distance between two points, we use the distance formula:

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Let's plug in what we know.

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Add.

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Round to the nearest tenth.

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*note: The answer choice is 4.6. I'm not sure if that is a typo on someone's end, but the distance between these two points is exactly 4.24264068712 units.

Hope this helps!

6 0
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