Hello there! I can help you! The formula for compound interest is P(1 + r)^t, where P= principal (initial amount), r = interest rate (in decimal form), and t = time (in years). Let's do this step by step. First off, we add the rate into 1. 4% is the interest rate (0.04 in decimal form). 1 + 0.04 is 1.04. Now, what we will do is raise that number to the 2nd power, because the time that elapses is 2 years. 1.04² is 1.0816. That's that. Now, multiply 7,500 to find the total amount of money. 1.0816 * 7,500 is 8,112. There. Toby's savings account balance in 2 years is £8,112.
Note: To solve for compound interest questions like it, add 1 to the percentage rate in decimal form, raise that number to a power based on the number of years (for example, raise the number to the 7th power if we are looking for the balance after 7 years), and then multiply that number by the starting amount. After you raise the number by a power, there may be a lot of numbers behind it. Whatever you do, DO NOT delete the number. Keep it there and multiply it by the principal.
Answer:
I dont know
Step-by-step explanation:
$3.9584067435 which would be $3.96 rounded to the nearest penny
D 32 because 160 divided by 5 is 32. hope this helped
Answer:
Length = 34
Step-by-step explanation:
Perimeter of rectangle = a+a+b+b = 2(a+b)
Let a = length = 2b - 4
Let b = width
Therefore
(2b-4) + (2b-4) + b + b = 106 cm
Bracket off
2b-4+2b-4+b+b = 106cm
Collect like terms
2b+2b+b+b-4-4 = 106cm
6b-8 = 106
6b = 106+8
6b = 114
b = 114÷6
b = 19
To get a
2b - 4
2(19) - 4
38-4
= 34
