Answer:
c
Step-by-step explanation:
Ok but don’t do that again there students need help and make the trusted teacher be any one
Answer:the total value of the account after 3 years is $7266
Step-by-step explanation:
Initial amount that Ryan invested into account is $500 This means that the principal is P, so
P = 7000
It was compounded annually. This means that it was compounded once in a year. So
n = 1
The rate at which the principal was compounded is 1.25%. So
r = 1.25/100 = 0.0125
It was compounded for 3 years. So
n = =3
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. Therefore
A = 7000 (1+0.0125/1)^1×3
A = 7000(1.0125 )^3= $7266
So basically, let's look at the given. In the problem, Leon is charged a fee of 75. The interest rate would be 12.5 % if he doesn't pay his due amount. So in order to get the total amount that he has to pay if he doesn't pay on time, you just need to multiply 75 with 12.5% or simply 0.125. If you do this, you will get 9.375. After that, you add 9.375 to the principal amount which is 75 and you will get 84.375. So Leon has to now pay a total of 84.375.
I hope this HELP! :)
Answer:
I geuss we'll neva know
*cues music*
Step-by-step explanation:
