Shari is planning a 450-mi car trip. Her car can travel about 39 mi on a gallon of gasoline. Gasoline costs $1.89/gal. About how
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Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. The account balance after a period of 5 years will be $1.63634×10²⁰.
<h3>What is compound interest?</h3>Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. It's the outcome of reinvesting interest rather than paying it out so that interest is received on the principal plus previously collected interest in the next quarter.
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
Given the principal amount is $12,385, the rate of interest is 7.5%, and the time period is daily. Therefore, the amount can be written as,
Hence, the account balance after a period of 5 years will be $1.63634×10²⁰.
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Answer:
False
Step-by-step explanation:
Given
Required
True or False
The above numeral can be split as follows:
X means 10 and L means 50.
But because X (10) which is smaller comes before L (50), XL is executed as:
In Roman numerals;
Substitute 40 for XL and 4 for IV.
Hence;
<em /><em> is false</em>