The volume of a rectangular box can be found using the formula lwh where l represents the length, w represents the width, and h
2 answers:
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Answer:
901.22
Step-by-step explanation:
It is given that,
Principal = 2500
Rate of interest = 8% = 0.08 compounded annually.
No. of times interest compounded in a period = 1
Time is 4 years.
Formula for amount is
where, P is principal, r is rate of interest, n is number of times interest compounded in period and t is number of years.
Substitute P=2500, r=0.08, n=1 and t=4 in the above formula.
So, the compound interest is
Therefore, the compound interest is 901.22.