8. $700 at 8% for 6 years.
it could mean
1. compound interest
2. simple interest.
1. Compound Interest
that means that each year it gives you 8% on that whatever new thing so
8 %= 0.08
Each year, it is multiplied by 1.08 since you add the original (1) to the 8% 0.08
so 6 years means
700 times 1.08^6=700 times 1.08 times 1.08 times 1.08 times 1.08 times 1.08 times
1.08 = 1110.81
2. Simple Interest
So just 8% of that 700 is added on
find 8% of 700
8% of 700+0.08 times 700=0.56
6 years = 0.56 times 6 =3.36
add 3.36 + 700= 703.36
Answers are
if compound interest = $1110.81
If Simple interest = 703.36
I hope this helped
~Renee \(^_^)/
Answer:
3906 in inches
Step-by-step explanation:
convert 3.1 ft to inches and then multiply all.
If there are 400 silver dollars in all, and there are 275 in one bag, to find the amount in the other bag, just subtract:
400-275=125
There are 125 in the other bag.
Answer:
$580
Step-by-step explanation:
Step 1:
$200 + $380
Answer:
$580
Hope This Helps :)