Answer:
a) $3480
b) $4036.8
Step-by-step explanation:
The compound interest formula is given by:
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
Suppose that $3000 is placed in an account that pays 16% interest compounded each year.
This means, respectively, that
So
(a) Find the amount in the account at the end of 1 year.
This is A(1).
(b) Find the amount in the account at the end of 2 years.
This is A(2).
The answer is A. I looked it up for you on an surface area calculator.
Answer: Simple interest= Principal× rate× time/ 100
Amount= Simple interest + Principal
Step-by-step explanation:
A positive correlation.(Brainliest please)
Answer:
12 in. 2
Step-by-step explanation:
3 x 8= 24
1/2. =0.5
24 x 0.5 = 12