Answer:
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Step-by-step explanation:
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Answer:
equation; P=A(1+r/n)^nt
P=principal amount
A=value of investment
r= interest rate in decimals
n=number of times compounded
t=time in years
P=1000(1+0.16/12)^12(5)= $2213.8 rounded
Step-by-step explanation:
Dividing by 3,600
1
Determine the number of seconds you have. This information should be given, or it should be a figure you calculated yourself.
For example, you might be converting 2,400 seconds into hours.
ivide the number of seconds by 3,600. Note that there are 3,600 seconds in one hour.[1] So, if you have more than 3,600 seconds, your conversion will be greater than hour. If you have less than 3,600 seconds, your conversion will be a fraction of an hour.
3
Convert your decimal to minutes. This step is helpful if you are working with a number of seconds equal to less than an hour, so that you can gauge how long a certain decimal is. To convert the decimal to minutes, multiply it by 60.[2]
3200 seconds = 0.88888889 Hours
(rounded to 8 digits)