Compound interest formula = total = P(1+r/n)^nt
Where P = is the intial amount invested
r is the interest rate, n is the number of compounding periods per year and t is the number of years.
Total = 15000(1+0.065/1)^7
Total = 15000(1.065)^7
Total = $23,309.80
In this question , we have to use compound interest formula, which is

Here Amount after 3 years = $133.10
Rate of interest = 10%=0.1
TIme =3 years
So we get

Now we have principal, P = $100,
Rate of interest, r =0.1
Time, t = 5 years
So we will get

So the balance after 5 years will be $161.05 .
Answer:
61 hope this helps
Step-by-step explanation:
Answer:
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Step-by-step explanation:
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