The following formula for compound interest applies:
where A is the amount after t years, P is the principal and r is the annual interest rate expressed as a decimal. Plugging the given values into the formula gives:
The amount after 4 years is therefore $2,431.01
Answer:
C
Step-by-step explanation:
i did this in 6th grade too man i gotchu
Yes 1.5 is greater than 1.433
Answer:
n = 1/2
Step-by-step explanation:
4/5(1/2) - 1/5 = 2/5(1/2)
4/10 - 2/10 = 2/10
Here are the laws of exponents:
Hope that helps :)