Answer: After 1 year: $5,610
After 2 years: $5,722.20
Step-by-step explanation: Use the formula for periodic compounding interest, which is
A = P(1 + r/n)^(nt), where A is the final amount, P is the initial deposit, r is the interest rate as a decimal, n is the number of times the interest is compounded per year, and t is how many years.
Here, P = 5,500, r = 0.02 (that's 2% as a decimal), n = 1,
t = 1 for the first answer, t = 2 for the second answer (1 year, then for 2 years)
Plug the known values in to solve...
For 1 year...
A = 5,500(1 + 0.02/1)^(1*1)
A = 5,500(1.02)^1
A = 5,610
For 2 years...
A = 5,500(1 + 0.02/1)^(1*2)
A = 5,500(1.02)²
A = 5,722.20
Answer:
She has 499.3$
Step-by-step explanation:
870+35.90+35.90+150-82.50-10-500
Answer:
Step-by-step explanation:
4+3+5= 12 marbles
3/12 * 2/11 = 6/132 = 4.5%
90 = 20 + 70.....GCF of 20 and 70 is 10
90 = 10(2 + 7) <==
can u write another expression using a different common factor...yes
90 = 20 + 70.....common factor is 5
90 = 5(4 + 14) <==
Answer:
all work is shown and pictured
