In 2019, Britt drove her automobile 16,200 miles for business. She incurred $900 in gas expenses and $235 in tolls associated wi
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Beatrice would have earned $57.33 over a 6-year period if the interest had been compounded annually.
<h3><u>What is interest?</u></h3>- The fee paid for the privilege of borrowing money is called interest, and it is often stated as an annual percentage rate (APR).
- The compensation a lender or financial organisation receives for giving out money is called interest.
- The percentage of a stockholder's ownership in a corporation that is also referred to as interest.
- Simple and compound interest rates are the two basic types that can be used with loans.
- Simple interest is a predetermined percentage of the principal that was initially lent to the borrower that the borrower must pay in exchange for access to the funds.
Interest that is paid on a loan that includes both principal and compounding interest is known as compound interest. The second kind of interest is less typical than the first.
Now, calculating compound interest:
1430 (.05 × 6) + 1430 = 1859
1430 × = 1,916.33
1916.33 - 1859 = 57.33
Know more about interest with the help of the given link:
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Answer:
7324
Explanation:
We need to find the number of completed free throws out of total free throws
Since he completed 83.5% of them, you find 83.5% of 8772
83.5% can be rewritten as 0.835
We don't round up because it isn't 1 complete free throw. 0.62 is not 1 complete free throw so round down