In order to solve this problem, the first thing we are going to do is find out how much is 9% of 1000, since 9% is the interest per year. So 0.09 x 1000 and that would be 90. And since the interest earned is added to the account, the account will now have a total of $1090 which is now the new principal. Based on this new principal, we need to know the 9% of it again to know how much interest in earned in the following year. So that would be 0.09 x 1090 and the result is $98.10. Hope this answer helps.
9514 1404 393
Answer:
$241,399.09
Step-by-step explanation:
The value is increasing exponentially with a growth factor of 1.023, so it will be ...
v(t) = 192,300×1.023^t
v(10) = 192,300×1.023^10 ≈ 241,399.09
The value is predicted to be $241,399.09 in 10 years.
Answer:
-16
Step-by-step explanation:
1 - 8 - 9 = - 16
