Answer: After 1 year: $5,610
After 2 years: $5,722.20
Step-by-step explanation: Use the formula for periodic compounding interest, which is
A = P(1 + r/n)^(nt), where A is the final amount, P is the initial deposit, r is the interest rate as a decimal, n is the number of times the interest is compounded per year, and t is how many years.
Here, P = 5,500, r = 0.02 (that's 2% as a decimal), n = 1,
t = 1 for the first answer, t = 2 for the second answer (1 year, then for 2 years)
Plug the known values in to solve...
For 1 year...
A = 5,500(1 + 0.02/1)^(1*1)
A = 5,500(1.02)^1
A = 5,610
For 2 years...
A = 5,500(1 + 0.02/1)^(1*2)
A = 5,500(1.02)²
A = 5,722.20
Answer:
<h3>160</h3>
Step-by-step explanation:
Divide 7,200 by 45
If Dave has 15 dollars and must spend 8 dollars of it on a book, then he will have 7 dollars left. If he then buys two of the same cards for his friends, the most he will be able to spend is half of 7 dollars for each of them, which will be 3 dollars and 50 cents.
Answer:
Wow Ashley I see you keep looking for the answers.
Step-by-step explanation:
This is the second time I have seen you looking for the answers on the internet, I am now thinking about giving you a zero for this week's homework. Please refrain from copying because I do not want to give you a bad score.
