Amount in compound interest = p(1 + r)^n where p is the initial deposit, r = rate and n = period.
Here, Amount after 36 months = 1000(1 + 0.1/100)^36 = 1000(1 + 0.001)^36 = 1000(1.001)^36 = 1000(1.036637) = $1,036.64
Answer:
C
Step-by-step explanation:
120 *.3 = 36
120-36 = 84
84*.3 = 25.2
84-25.2= 59.8
120*.6 = 72
120-72 = 48
59.8-48 = 10.8 C
30 because 0.3 * 100 = 30
The profit here has decreased by $10. We can work this out through the following equation -
170= 8n-30= 200= 8nn=25B: P= 8(25) - 40= 200 - 40P= 160