Answer:
A = $10,441.68
A = P + I where
P (principal) = $10,400.00
I (interest) = $41.68
Step-by-step explanation:
First, convert R as a percent to r as a decimal
r = R/100
r = 0.02/100
r = 0.0002 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
A = 10,400.00(1 + 0.0002/2)(2)(20)
A = 10,400.00(1 + 0.0001)(40)
A = $10,441.68
Summary:
The total amount accrued, principal plus interest, with compound interest on a principal of $10,400.00 at a rate of 0.02% per year compounded 2 times per year over 20 years is $10,441.68.
Answer:
45!
Step-by-step explanation:
Answer:
The digit '0' is in the ones place.
Answer:
y = 2x + 10
Step-by-step explanation:
Find the slope:
12 - 2 / 1 - (-4)
10 / 5 = 2
Write in point-slope form:
y - 12 = 2(x - 1)
rearrange:
y - 12 = 2x - 2
y = 2x + 10
