3)Principal Amount = P = $7200
Interest rate = r = 4% = 0.04
Time = t = 8 years
Formula for compounding is:

Using the values, we get:

Therefore, the compounded amount will be $9853.70
4)Principal Amount = P = $7200
Compounded Amount = A = $9853.70
Interest Earned = Compounded Amount - Principal Amount
So,
Interest Earned = 9853.70 - 7200 = $2653.70
Therefore, $2653.70 will be earned as interest over a period of 8 years.
Answer:
the answer is (R-7)÷5
Step-by-step explanation:
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Answer:
10201
Step-by-step explanation:
=(101)²
=(100+1)²
={100²+2(100)(1)+1²} [(a+b)²=a²+2ab+b²]
=10000+200+1
=10201
For the first one just do the multiplication as you do normally.
For the second one, you have to put a zero behind before calculating the numbers in front