Ian is working two summer jobs, making $22 per hour tutoring and making $8 per hour landscaping. In a given week, he can work a
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The Compound Interest of 10400 at 12.7% for 4 years is 6378.
The principal amount is given as 10400.
The rate of interest is given as 12.7%.
The time period to be calculated is given as 4 years.
The compound interest for the given above is to be calculated.
<h3>What is compound interest?</h3>Compound interest is the interest that we earn both on the principal amount and the interest we earn.
The formula used to calculate compound interest is:
Where P = principal amount, R = rate of interest, and n = number of years.
We have,
P = 10400
R = 12.7%
n = 4 years
Compound interest:
Now,
10400 [ ( 1 + 0.12.7 )^2 - 1 ]
10400 [ 1.127^4 - 1 ]
10400 [ 1.61322 - 1 ]
10400 x 0.6132
6377.56
Rounding to the nearest whole number.
We have,
Compound Interest = 6378.
Thus the Compound Interest of 10400 at 12.7% for 4 years is 6378.
Learn more about Compound Interest here:
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Answer :
and
Step-by-step explanation:
Given : A circle with the same radius as the circle shown but with a center at (-1.1).
To find : Which equation represents a circle ?
Solution :
The equation of a circle with center (h,k) and radius r is given by :
Here, we are given (h,k)=(-1,1)
and radius r=4 units
So, equation of circle will be :
or
Therefore, the required equations of circle are
and