How do you compound interest continuously??
1 answer:
The question states the interest is compounded annually. We have to use the given formula for this.
Principal Amount = P = $500
Interest Rate = r = 6% = 0.06
Time in years = t = 12
Compounding periods in a year = n = 1
Using the values in the given formula we get:
Thus, rounding to nearest cent the answer to this question is 1006.10
However, if you are also interested in finding the compound interest that is compounded continuously, use the following formula:
Principal Amount = P = $500
Interest Rate = r = 6% = 0.06
Time in years = t = 12
Compounding periods in a year = n = 1
Using the values in the given formula we get:
Thus, rounding to nearest cent the answer to this question is 1006.10
However, if you are also interested in finding the compound interest that is compounded continuously, use the following formula:
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Answer : The value of x and y is, and
Step-by-step explanation :
First we have to calculate the angle B.
As we know that,
The given triangle is an isosceles triangle in which the angles opposite to equal sides are always equal.
Thus,
Given :
Now have to calculate the angle A.
As we know that the sum of interior angles of a triangle is equal to .
Now we have to determine the angle y.
As we know that, line AD is an angle bisector. That means, it divides into two equal angles. So,
Now we have to determine the angle x.
As we know that the sum of interior angles of a triangle is equal to .
Thus, the value of x and y is, and