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:
![P [ (1 + \frac{R}{100} )^n - 1 ]](https://tex.z-dn.net/?f=P%20%5B%20%281%20%2B%20%5Cfrac%7BR%7D%7B100%7D%20%29%5En%20-%201%20%5D)
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:
![P [ (1 + \frac{R}{100} )^n - 1 ]\\\\10400 [ (1 + \frac{12.7}{100} )^4 - 1 ]](https://tex.z-dn.net/?f=P%20%5B%20%281%20%2B%20%5Cfrac%7BR%7D%7B100%7D%20%29%5En%20-%201%20%5D%5C%5C%5C%5C10400%20%5B%20%281%20%2B%20%5Cfrac%7B12.7%7D%7B100%7D%20%29%5E4%20-%201%20%5D)
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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Let +n+ = number of bottles of cranberry juice needed
+2n+ = number of bottles of ginger ale needed
---------------------------
+3.2n+%2B+.9%2A%28+2n+%29+=+20+
+3.2n+%2B+1.8n+=+20+
+32n+%2B+18n+=+200+
+50n+=+200+
+n+=+4+
and
+2n+=+8+
----------------
The most bottles of cranberry juice is 4
Answer:
<h2>(-3,-6)</h2>
Step-by-step explanation:
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Answer:
4/3
Step-by-step explanation:
7x + 4 = 10x
4 = 3x
x = 4/3
<span>You are given the waiting times between a subway departure schedule and the arrival of a passenger that are uniformly distributed between 0 and 6 minutes. You are asked to find the probability that a randomly selected passenger has a waiting time greater than 3.25 minutes.
Le us denote P as the probability that the randomly selected passenger has a waiting time greater than 3.25 minutes.
P = (length of the shaded region) x (height of the shaded region)
P = (6 - 3.25) * (0.167)
P = 2.75 * 0.167
P = 0.40915
P = 0.41</span><span />