The total interest accrued is $2,407.41 if you invested $7,000 into a money market account for 10 years at an annual interest rate of 3%.
<h3>What is invested amount?</h3>
An investment is a payment made to acquire the securities of other firms with the intention of making a profit.
We are assuming the interest will be compounded annually
Where A = Final amount
P = Principal amount
r = annual rate of interest
n = how many times interest is compounded per year
t = How long the money is deposited or borrowed (in years)
We have:
P = $7000
r = 3% = 0.03
t = 10 years
n = 1
After calculating:
A = $9407.41
I = A - P = 9407.41 - 7000 = $2,407.41
Thus, the total interest accrued is $2,407.41 if you invested $7,000 into a money market account for 10 years at an annual interest rate of 3%.
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The original price of the car before 4 years will be $23,032.
<h3>What is an exponent?</h3>
Consider the function:
y = P (1 ± r) ˣ
Where x is the number of times this growth/decay occurs, P = original amount, and r = fraction by which this growth/decay occurs.
If there is a plus sign, then there is exponential growth happening by r fraction or 100r %
If there is a minus sign, then there is exponential decay happening by r fraction or 100r %
A Naomi's car exponentially depreciates at a rate of 8% per year.
If Nina bought the car when it was 4 years old for $16,500.
Then the original price will be
16500 = P(0.92)⁴
16500 = 0.716P
P = $ 23,032
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13.8900 this is the answer. it is like this because thousandth is.0000. it Cant be 13.0089 because you would change the number.
Answer:
90
Step-by-step explanation:
90% of people marry there 7th grade love. since u have read this, u will be told good news tonight. if u don't pass this on nine comments your worst week starts now this isn't fake. apparently if u copy and paste this on ten comments in the next ten minutes you will have the best day of your life tomorrow. you will either get kissed or asked out in the next 53 minutes someone will say I love you
You would just have to isolate for x
so it would simply become
-1.56/-7.8
= 0.2
