Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. Mike's account balance after 21 years is $69,131.44.
<h3>What is compound interest?</h3>
Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. It's the outcome of reinvesting interest rather than paying it out so that interest is received on the principal plus previously collected interest in the next quarter.,
where A is the final amount
P is the principal amount
r is the rate of interest
n is the number of times interest is charged in a year
t is the number of years
The principal amount that Mike invested is $29,000. The rate of interest is 7.24% compounded daily, for 21 years. Therefore, the account balance after 21 years is
= $69,131.44
Hence, Mike's account balance after 21 years is $69,131.44.
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Ok! So, given a quadratic function<span>, </span>y<span> = ax</span>2<span> + bx + c, when "a" is positive, the </span>parabola <span>opens upward and the vertex is the minimum value. On the other hand, if "a" is negative, the graph opens downward and the vertex is the maximum value. Now, let's refer back to our original graph, </span>y<span> = </span><span>x2</span><span>, where "a" is 1.
Hope this helps.</span>
That is true because as you can see in the other 2 equations, they both have z on one of the sides meaning that the sides that don't have z are equal to each other
Hope this helps :)
The sides of the right-angle triangle will be 16 units and 20.30 units. And the missing angle will be 52°.
<h3>What is a right-angle triangle?</h3>
It's a form of a triangle with one 90-degree angle that follows Pythagoras' theorem and can be solved using the trigonometry function.
The side AC will be
tan 38° = 12.5 / AC
AC = 15.999
AC ≈ 16 units
Then the side AB will be
AB² = 12.5² + 16²
AB = 20.30 units
We know that the angle sum is 180 degrees. Then we have
∠A + ∠B + ∠C = 180°
38° + ∠B + 90° = 180°
∠B = 52°
More about the right-angle triangle link is given below.
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Answer:
Step-by-step explanation:
187 divided by 7 is 6.5
