3 years ago

I understand the simple interest part, however I don’t understand the compounded interest part, need help quick.

1 answer:

7 0

Compound interest is the starting amount x (1+ the interest rate as a decimal)^ the time in years=the final amount.

In your case, the equation will be $1000*(1+0.10)^how many years= the final amount.

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A recursive function is shown below:

PSYCHO15rus [73]

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Answer:

C: 5, -1, -7, -13, -19, ...

Step-by-step explanation:

You need look no further than the second term. That term will be ...

f(2) = f(1) -6

f(2) = 5 -6 = -1 . . . . matches sequence C

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3 years ago

How do you turn 3.0035 into a fraction?<br> explain?

Nostrana [21]

Answer:

How do you turn 335 into a fraction?

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Write 3.035 as 3.0351.

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607200.

Step-by-step explanation:

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2 years ago

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Answer:

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Step-by-step explanation:

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2 years ago

46 ÷ 8=6.75 What part of this problem needs to be changed to make it correct?

scoray [572]

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3 years ago

Mr. Thompson had a balance of $283.12 in his checking account at the beginning of the month he wrote checks for $23.09 $7.56 $12

ryzh [129]

Account balance is $123.08

Step-by-step explanation:

Step 1: Balance in Thompson's account = $283.12. Calculate the total amount of checks Thompson wrote in the month.

Total amount of checks = $23.09 + $7.56 + $125.11 + $4.28

= $160.04

Step 2: Calculate his balance.

Account balance = $283.12 - $160.04

= $123.08

8 0

3 years ago