Ab^x
a: initial value
b: value remaining after depreciation per year (in percentage)
x: number of years that have passed
35000(0.95)^8= 23219.7151
Round to the nearest hundredth value:
About $23219.72
Let me know if you have any questions :)
Give the guy above Brainly and me just a like he is correct
Answer:
The total compound interest is $3,488.50, I hope I helped explain how to find total compound interest
Step-by-step explanation:
So the formula for this would be:
A = P(1+r/n)^nt
A = the amount of your principal plus interest, which is the total
P = stands for the principal, which is your original amount invested
r = shows the interest rate in decimal form
n = stands for the number of compounding periods
So to solve for the compound interest we would plug in our numbers in replacement for the letters
1 9 , 2 114 I Hope it help this is correct
Answer: need point so HA!
Step-by-step explanation:
