The answer is 10 because its in the tens place
The total amount accrued, principal plus interest, with compound interest on a principal of $3,000.00 at a rate of 6% per year compounded 1 times per year over 3 years is $3,573.05.
<h3>Compound Interest</h3>
Given Data
A = P + I where
P (principal) = $3,000.00
I (interest) = $573.05
Calculation Steps:
First, convert R as a percent to r as a decimal
r = R/100
r = 6/100
r = 0.06 rate per year,
Then solve the equation for A
A = P(1 + r/n)^nt
A = 3,000.00(1 + 0.06/1)^(1)(3)
A = 3,000.00(1 + 0.06)^(3)
A = $3,573.05
Learn more about compound interest here:
brainly.com/question/24924853
Area = 1/2*base*height
= 1/2*4.8*5.2
= 2.4*5.2
= 12.48units
Answer:
r = 2 units
Step-by-step explanation:
Radius of a circle is 1/2 its diameter.
Given the diameter of circle as 4 units ,
radius r = 1/2 x 4
= 4/2
= 2 units
Forget the 1996 for the moment. Just count the number of years that go by.
30500*(1.02)^x= 32500 + 600x The easiest way to handle this is either to use a spreadsheet or graph if. I don't see an algebraic way of doing it. I'll try the graph first.
The red line is y = 32500 + 600x
Now let's try a spreadsheet.
I can't copy and past a spreadsheet's contents, but it shows that they are about equal when x = 17.
y = 32500 + 600x gives 42700 when x = 17
y = 30500*(1.02)^17 gives 42707 when x = 17 You cannot get much closer than that.