You’re making dessert but your recipe needs adjustment your sugar cookie recipe makes 3 dozen cookies but you need 2 dozen cooki
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Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. The account balance after a period of 5 years will be $1.63634×10²⁰.
<h3>What is compound interest?</h3>Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. It's the outcome of reinvesting interest rather than paying it out so that interest is received on the principal plus previously collected interest in the next quarter.
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
Given the principal amount is $12,385, the rate of interest is 7.5%, and the time period is daily. Therefore, the amount can be written as,
Hence, the account balance after a period of 5 years will be $1.63634×10²⁰.
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Answer:
Option D is correct.
Step-by-step explanation:
In triangle ADE and triangle ABC
From the figure:
[Angle] [Given]
[Angle]
AA(Angle-Angle) similarity criterion states that in two triangles if two pairs of corresponding angles are equal, then these triangle Similar.
By AA similarity:
⇒