Answer:
If had left over I would leave $1.85
Step-by-step explanation:
Because it will not be 40 percent of the original, since after 20 percent is gone, the next year itll be 20 percent of the product, instead of the original, so for example, if it was 100, it would go down to 80, and then the next year it would be 20 percent of 80, not 100
Answer:
You just have to round to the cent place to get your answer
Step-by-step explanation:
Hope it helped!
-Brainly User
1. Cuando encendí la radio, las noticias .......... (terminar)
2. El centro comercial ....... (no / abierto) aún cuando llegué
3. ……………. (le dices) la verdad a tus padres?
4. El señor Palmer .......... (no / hablar) ningún chino antes de mudarse a pekín
Answer: number of years that it will take for the balance to reach $120,000 is 42 years
Step-by-step explanation:
Initial amount deposited into the account is $4000. This means that the principal is $4000
P = 4000
It was compounded annually. This means that it was compounded once in a year. So
n = 1
The rate at which the principal was compounded is 8.4%. So
r = 8.4/100 = 0.084
Let the number of years that it will take for the balance to reach $120,000. It means that it was compounded for a total of t years.
Amount, A at the end of t years is $120,000
The formula for compound interest is
A = P(1+r/n)^nt
120000 = 4000(1 + 0.084/1)^1×t
120000/4000 = 1.084^t
30 = 1.084^t
t = 42 years
