It starts at 100% - 15% = 85% after the first year. $15,000*0.85 = $12,750
The second year is further reduced 100% - 16% = 84%
$12,750*0.84 = $10,710
Answer:
(2x+3) x (x-7)
Step-by-step explanation:
30 minutes after 7:30 would be 8:00 PM
Answer:
About 31 years
Step-by-step explanation:
Given data
Principal= $3500
Rate= 4.75%
Final amount= $15,000
Time=??
The expression for time on compound interest is
Calculate time, solve for t
t = ln(A/P) / r
substitute
Calculate time, solve for t
t = ln(15000/3500) / 0.0475
t= ln(4.2857)/ 0.0475
t= 1.4552/0.0475
t= 30.63 years
Hence it will take about 31 years
Answer:
1840
Step-by-step explanation: