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Kaylis [27]
3 years ago
9

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

Mathematics
1 answer:
Burka [1]3 years ago
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.
You might be interested in
Find the simple interest earned on $2,500 at 6% for 2 years.
Elina [12.6K]

Answer:

$2800

Step-by-step explanation:

6/100 x 2500 = 150

150 x 2 = 300

2500 + 300 = $2800

<em>Feel free to mark it as branliest :D</em>

7 0
3 years ago
-3(8n - 5) - 2n = 8n - 21
BigorU [14]

Answer:

Step-by-step explanation:

First you do the parentheses so the -3 x 8n= -24 and -3 x -5= 15

so it will look like this. -24n+15-2n=8n-21

Now combine like terms the -24n-2n.

-26n+15=8n-21 now subtract 8n now it will look like this

-34n+15=-21 now -15 from -21

-34n=-36

now if you want n by its self divide -34 and -36

7 0
3 years ago
Last year the company you work for did 232,000 in business. This year you anticipate an increase of 7% how much business do you
Nataly_w [17]
7% of 232,000 is 16,240
232,000 + 16,240 is 248,240
so 248,240 is the answer
3 0
3 years ago
Read 2 more answers
Solve the inequality -5.3≥6.7+4.3+q
GaryK [48]
Remember, you can do anything to an equation as long as you do it to both sides

for inequalities, if you multiply or divide both sides by a negative number, you flip the direction of the inequality sign

-5.3≥6.7+4.3+q
add like terms
-5.3≥11+q
minus 11 both sides
-16.3≥q
q≤-16.3
das is da soltuion
4 0
3 years ago
Read 2 more answers
Subtract (4x^2 + x + 8) - (2x^2 + 3x - 1)
Ludmilka [50]

Answer:

2x^2-2x+9

Step-by-step explanation:

5 0
3 years ago
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