Answer:
$3027.80
Explanation:
The compound interest formula is the following.
where
A = final amount
P = principle amount
r = interest rate / 100
n = number of compounds per interval
t = time interval
Now in our case,
A = unknown
P = $1900
r = 10.4/100
n = 12 months / year ( because the interest is compounded monthly)
t = 4.5 yrs
Therefore, the compound interest formula gives
Using a calculator, we evaluate the above to get
which is our answer!
Answer:
Step-by-step explanation:
Four times three cubed
Given the statement, times means multiplication.
four times three
4 x 3
It says three cubed, where cubed means raised to 3. So that means we right an exponent, and the exponent is 3.
4 x 3³
When we have an exponent, that tells you how many times you will multiply it by itself. So since the exponent is 3, we multiply 3 by itself 3 times.
3³ = 3 x 3 x 3
So 4 x 3³ = 4 x 3 x 3 x 3
Lastly, if we get the product your result will be 108.
4 x 3 x 3 x 3
=4 x 27
= 108