I understand the simple interest part, however I don’t understand the compounded interest part, need help quick.
1 answer:
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
Answer:
Triangle ISK
Step-by-step explanation:
X-5=11
+5 both sides
x=16
hope this helped
X = t/2. t = 2x
y = 3t^3 - 1
y = 3(2x)^3 -1
y = 24x^3 -1
Answer: IXL
Step-by-step explanation:
Answer:
A. (pi)(3 squared)
Step-by-step explanation:
edge
