Answer:
Step-by-step explanation:
A certain truck weighs 2 metric tons. A person weighing 60 kilograms gets in the truck, followed by a 70 kilogram person. How ma
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The total amount is $ 1015.82 and interest amount is $ 165.82
<em><u>Solution:</u></em>
<em><u>The formula for amount when interest is compounded annually is:</u></em>
Where,
"A" is the total amount
"P" is the principal
"r" is the rate of interest in decimal form
"n" is the number of years
<em><u>From given, $850 at 2% for 9 years, compounded annually</u></em>
P = 850
t = 9 years
<em><u>Substituting the given values we get,</u></em>
Thus total amount is $ 1015.82
Interest amount = Total amount - principal
Interest amount = 1015.82 - 850
Interest amount = 165.82
Thus total amount earned is $ 1015.82 and interest amount is $ 165.82
Answer:
Step-by-step explanation:
I suggest looking lessons on it online if you don't understand... It's hard to do your work especially if you don't understand it. Or if your online, go to past lessons or something.