Answer:
530.087 trust me
Step-by-step explanation:
Answer:
The amount is $16718.7 and the interest is $4718.7.
Step-by-step explanation:
STEP 1: To find amount we use formula:
A=P(1+rn)n⋅t
A = total amount
P = principal or amount of money deposited,
r = annual interest rate
n = number of times compounded per year
t = time in years
In this example we have
P=$12000 , r=3.33% , n=4 and t=10 years
After plugging the given information we have
AAAA=12000(1+0.03334)4⋅10=12000⋅1.00832540=12000⋅1.393225=16718.7
STEP 2: To find interest we use formula A=P+I, since A=16718.7 and P = 12000 we have:
A16718.7II=P+I=12000+I=16718.7−12000=4718.7
Answer:
v = 2419200in³
Step-by-step explanation:
v=l*b*h
=240*84*120
=2419200in³
Answer:
4x=8
Step-by-step explanation:
4x=32
32/4=8
ince the problem is only asking for 4 years, we can just calculated it out year by year. Recall the formula for compounding interest: A = P(1+r)n, where A is the total amount, P is the principle (amount you start with), r is the interest rate per period of time, and n is the number of periods (in this case, r is annual interest rate, so n is number of years). At the beginning (Year 0), Lou starts off with 10000: A = 10000 At the end of Year 1, Lou earned interest on that amount, plus he has deposited another 5000: A = 10000(1.08) + 5000 End of Year 2, Lou's interest from the year 0 amount has compounded, he has started earning interest on the amount deposited last year, and he deposits another 5000: A = 10000(1.08)2 + 5000(1.08) + 5000 End of Year 3, same idea. Lou has earned compounding interest on all existing deposits, and deposits another 5000: A = 10000(1.08)3 + 5000(1.08)2 + 5000(1.08) + 5000 End of Year 4, same idea: A = 10000(1.08)4 + 5000(1.08)3 + 5000(1.08)2 + 5000(1.08) + 5000 = 36135.45
