1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Karolina [17]
3 years ago
11

3.

Mathematics
1 answer:
irina1246 [14]3 years ago
5 0
3)
Principal Amount = P = $7200
Interest rate = r = 4% = 0.04
Time = t = 8 years

Formula for compounding is:

A=P (1+r)^{t}

Using the values, we get:

A=7200 (1+0.04)^{8}=9853.70

Therefore, the compounded amount will be $9853.70 

4)
Principal Amount = P = $7200
Compounded Amount = A = $9853.70

Interest Earned = Compounded Amount - Principal Amount
So,
Interest Earned = 9853.70 - 7200 = $2653.70

Therefore, $2653.70 will be earned as interest over a period of 8 years.
You might be interested in
What is 14145 divided by 23?
Kobotan [32]

Answer:

615

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
Click on the point that best represents the location of −√5 on the number line.
navik [9.2K]

Answer:

The dot all the way on the left. The one between 2 and 3 I believe.

Step-by-step explanation:

8 0
3 years ago
Read 2 more answers
What does |-71 equal?
erastovalidia [21]

Answer:

71 (or 7.... read explanation)

Step-by-step explanation:

If you mean | -71 | then it's 71.

If you mean | -7 | then it's 7

Absolute values turn negative numbers into positive numbers.

5 0
2 years ago
Read 2 more answers
Simplify. 16 + 24 ÷ 4 • 2 - 3. <br><br>A. -2<br>B. - 10<br>C. - 11<br>D. - 25​
Bess [88]

Answer:

25

Step-by-step explanation:

16+24÷4•2-3

16+6•2-3

16+12-3

28-3

25

5 0
3 years ago
Read 2 more answers
Consider the graph at right showing an economy in recession. Aggregate demand is currently at AD0. Equilibrium currently occurs
scoray [572]

Answer:

Follow me

Step-by-step explanation:

okkkkkkkkkkkkkkkkkkkkkkkkkkkk

3 0
3 years ago
Other questions:
  • (-9x - 6a + 3) + (6x+ a)
    12·1 answer
  • How do you solve C-5 when C=15
    8·2 answers
  • Find the mean of the following data set. 42, 45, 58, 63 42 47 52
    8·1 answer
  • Which of the numbers in each pair is farther to the left on number line?
    8·1 answer
  • What is 1+1+7+3+6+5+100+867+43-68-2+54-32?
    15·2 answers
  • A new car is purchased for 17900 dollars. The value of the car depreciates at 13% per
    9·1 answer
  • Solve: Y=(x-4)(x-2)
    14·1 answer
  • Hugo is buying DVDs that cost $15 each. He has a coupon for $5 off his
    6·1 answer
  • What is the best estimation of the equation 7/8 − 6/11? Drag the numbers into the boxes. Numbers may be used once, twice, or not
    13·2 answers
  • . What is 6 8ths x 5? Draw a model of your choice to help you solve.<br><br> WILL GIVE BRAINIST
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!