Using the expression below, choose the correct answers for the new balance and amount of interest earned in the following compou nd interest problem. P(1 + r)n $1,100 at 8%, for 15 years, compounded annually.
2 answers:
The total amount is 3,489.39
The Interest amount is 2,389.39
Total = Principal * (1 + rate)^years
You might be interested in
It would come out as a fraction :) Hope this helped
Answer:
5 i think the anwser is 5 i did my best
Answer:
$ 7,299.92
Step-by-step explanation:
A = $ 7,299.92
A = P + I where
P (principal) = $ 6,000.00
I (interest) = $ 1,299.92
Answer:
each taco costs $8 and each soda $4
Step-by-step explanation:
the difference between the two is $16 and half of $16 is $8 so you can tell each taco is $8. That automatically shows that the rest of the cost is $8 which half of is $4
