Answer:
Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest.
Answer:
The balance after 15 year is $831.25 .
Step-by-step explanation:
Formula
Where P is the principle and r is the rate of interest in the decimal form and t is the time.
As given
Caiden earned $475 from mowing lawns last summer.
He deposited this money in an account that pays an interest rate of 3.8% compounded annually.
Here
P = $475
3.8% is written in the decimal form.
= 0.038
r = 0.038
t = 15 years
Put in the formula
Amount = $831.25
Therefore the balance after 15 year is $831.25 .
Answer:
A)40
B)240
Step-by-step explanation:
5% of 200 is 10
10*4 year=$40 interest
200+40=240 which is total
Im pretty sure
So the sum of 4 times a number (4 times x or 4x) and 7 (+7) is (=) 19 (19)
4x+7=19
subtract 7 from both sdies
4x=12
divide by 4
x=3
the number is 3
The correct answer for the question that is being presented above is this one:
Radian Measure can be acquired by using the formula
Radian Measure = arc length / radius
Radian Measure = 6 cm / 3 cm
Radian Measure = 2 rad.
