The future amount of the current deposit given that the interest is simple and yearly is computed through the equation,
F = P x (1 + in)
where P is the principal amount, F is the future amount, i is the interest (in decimal form) and n is the number of years.
In this certain problem, we substitute the known values to the equation and solve for P,
2419.60 = P x (1 + (0.052)(1))
P = 2300
Thus, the initial investment was worth $2,300.
0.17 is larger as .035 is in the hundredth spot and is lower in value than the tenth spot, in which 0.17 is at. <span />
What’s the cost before the tip? We need to know that before calculating the cost with the tip.
It would be $2.25
if each student pays one more penny than the last one the penny count would be up to 150 pennies times the number of student which is 150 so multiply and add your decimal
