This is the formula for compounded interest.
P is the principal investment,
r is the rate (6%=0.06)
n is the number of times compounded per year (n=12 is monthly, n=2 is twice per year)
T is the number of years past
And A is the amount of money after t years with a rate r compounded n times per year staring at P amount
Final answer:
n is the number of times per year the interest is compounded.
Hope I helped, and sorry it took this long for you to get an answer.
Answer: :)
Step-by-step explanation: thanks
Y = 6, z = 2
~Hope this helped!~
(The first page is the beginning of the equation, and the next page is the ending)
Answer:
398,765 books were sold
Step-by-step explanation:
How to get the answer:
1) Identify the given
32,300 is percentage
8.1 % is rate
base (b) is missing
2) Solve
b= p/r
b= 32,300 / 8.1% or 0.081
b= 398,765
3) Check
398,765 x 8.1% = 32,299.97 or 32,300
Answer
Stephanie sold 40 glasses while Susan sold 10 glasses
Step-by-step explanation:
Stephanie sold 4 times more glasses than Susan, overall of 50 glasses