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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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2 years ago
The area of the shaded circle below is 78.5 square inches. The area of the large circle is 314 square inches. A shaded circle is
Leni [432]

The probability that a point is chosen at random in the shaded region will be 0.25.

<h3>What is probability?</h3>

Its simple notion is that something will most likely occur. The favorable event's proportion to the overall number of occurrences.

Probability = (Favorable event) / (Total event)

The area of the shaded circle below is 78.5 square inches.

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A shaded circle is inside of a larger unshaded circle.

Then the probability that a point is chosen at random in the shaded region will be

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Then the correct option is A.

More about the probability link is given below.

brainly.com/question/795909

#SPJ1

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2 years ago
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Hello : 
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