The total amount is $ 1015.82 and interest amount is $ 165.82
<em><u>Solution:</u></em>
<em><u>The formula for amount when interest is compounded annually is:</u></em>
Where,
"A" is the total amount
"P" is the principal
"r" is the rate of interest in decimal form
"n" is the number of years
<em><u>From given, $850 at 2% for 9 years, compounded annually</u></em>
P = 850
t = 9 years
<em><u>Substituting the given values we get,</u></em>
Thus total amount is $ 1015.82
Interest amount = Total amount - principal
Interest amount = 1015.82 - 850
Interest amount = 165.82
Thus total amount earned is $ 1015.82 and interest amount is $ 165.82
If you would like to know what is the solution of the inequality x/3 > 1, you can calculate this using the following step:
x/3 > 1 /*3
x > 1 * 3
x > 3
The correct result would be x > 3.
Answer:
Yes, it's true
Step-by-step explanation:
A fraction is a part of a whole number for example 1/2. 1/2 is a half of one whole piece and if you multiply it into any whole number whether it's 2,4,6,8,10...... basically, if you multiply a fraction less than one with a non-zero whole number, it will always be less than the whole number it's being cut into smaller pieces. However, if the fraction is greater than 1, we would technically have an answer greater than the whole number product, just something to remember.
Answer:
I believe it is 2s
Step-by-step explanation:
a variable is a symbol which functions as a placeholder, so in this case, the placeholder is "s"
Answer:
(1.06)0 = 1 and positive powers of 1.06 are larger than 1, thus the minimum value N(t) attains, if t≥0, is 400.
From the point of view of the context, a CD account grows in value over time so with a deposit of $400 the value will never drop to $399.
