Given parameters:
Principal = £1300
Interest rate = 5%
Duration = 2yrs
Unknown:
Total amount of Dan's principal = ?
To solve this problem, we apply the equation below:
Total investment worth = Principal + interest
Interest = 
where P is the principal
R is the rate
T is the time
Now, input the parameters;
Total investment worth = £1300 + £ 
= £1300 + £130
= £1430
The amount after two years is £1430
9514 1404 393
Answer:
8.6
Step-by-step explanation:
The growth factor per year is 1.012, so in 500 years is ...
1.012^500
The number of doublings is the solution to ...
2^n = 1.012^500
Taking logarithms, we have ...
n·log(2) = 500·log(1.012)
n = 500·log(1.012)/log(2) ≈ 8.6046
About 8.6 doublings will take place in 500 years.
Use the binomial theorem:
The <em>x</em> ³ terms occurs for 5 - <em>k</em> = 3, or <em>k</em> = 2, and its coefficient would be
Answer:
<em>40%</em>
Step-by-step explanation: <em>2 divided by 5 is 0.4 so that is 40%</em>
Answer:
Could You Please Explain More?
Step-by-step explanation:
