Answer:
40%.
Step-by-step explanation:
We have been given that an amount of $100 compounded annually is increased to $196 in 2 years. We are asked to find the interest rate.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.
Upon substituting our given values in above formula, we will get:
Take positive square root of both sides:
Since interest rate is in decimal, form, so we will convert it into percentage as:
Therefore, the interest rate was 40%.
Answer:
$13.98
Step-by-step explanation:
Convert 4% into decimal = 0.04
Now...
13.94 + 0.04 = 13.98
Answer:
12.68 if you are rounding to the hundreths place
Step-by-step explanation:
Answer:
3600 steps
Step-by-step explanation:
Step 1: Multiply 45 by 8000.
Step 2: Move the decimal point two places to the left.
Therefore, the answer is 3600 steps.
Have a lovely rest of your day/night, and good luck with your assignments! ♡