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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Answer: The answer to this question is $37.45.
Step-by-step explanation: The sum of all the meals cost is $31.21, and 20% of 31.21 would be 6.24
The sum of 31.21 and 6.24 results in $37.45
Answer:
Draw an open circle on 2 and continue the arrow left.
Step-by-step explanation:
Yes, but not without cutting some of the tiles into smaller pieces.
The length of the area is 8-ft. That's (2 and 2/3) tiles long.
The width of the area is 4-ft. That's (1 and 1/3) tiles wide.
So you can't just put down rows and columns of whole tiles
and cover the whole area.
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Another way to look at it:
-- The area of the whole big plot is (8 x 4) = 32 square feet.
-- Each tile covers (3 x 3) = 9 square feet.
-- You can't cover 32 square feet with 9-square-feet pieces.
Either you have to cut something off, or else you have to let
something hang outside of the lines.
Step-by-step explanation:
2^3 X 3^-4 X 5^2 / (2x5)^2 X 2 X 3^2 X 3^-6
I will simply the expression on the RHS if the bracket first
2^2 X 5^2 X 2 X 3^2 X 3^-6
= 2^3 X 3^-4 X 5^2
So, putting them together
Both sides have th same expression
They cancel out each other
Answer : 1