Answer:
Use the formula for compound interest to determine the amount of money in each ... An investing group has $50,000 to invest. They put the money in an account that compounds interest ... How much money will the group have at the end of 10 years? 20. Interest is compounded quarterly at Money Bank at a rate of 5.5%.
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Answer:
I dont understand that sorry
Answer:
1
Step-by-step explanation:
any number that is raised to the zero power will equal to 1. hope this helps!
Answer:R = 9.1667%/year
Step-by-step explanation:
Solving our equation
r = 330 / (3600 × 1) = 0.09166667
r = 0.09166667
converting r decimal to a percentage
R = 0.09166667 × 100 = 9.1667%/year
The interest rate required to
accumulate simple interest of $330.00
from a principal of $3,600.00
over 1 years is 9.1667% per year.
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