What is the total area drained by a stream and its tributaries?
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The money will be triple after 15 years and 303 days.
What is compound interest?
Compound interest, also known as interest on principal and interest, is the practice of adding interest to the principal amount of a loan or deposit.
Given:
Principle (P) = $10,000
The amount will be triple.
So, Amount (A) = $30,000
Rate (r) = 7% = 0.07
The interest is compounded quarterly.
n = 4
We have to find the value of t.
Let,
Apply logarithm on both sides,
Hence, the money will be triple after 15 years and 303 days.
To know more about compound interest, click on the link
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We calculate 40% from 369,00 $, this is discount
40%*369=
After sale coat costs 147,60 less so:
369 -147,60=221,40 $
Now I will pay for the coat 221,40$.
40%*369=
After sale coat costs 147,60 less so:
369 -147,60=221,40 $
Now I will pay for the coat 221,40$.