Hello there! I can help you! The formula for compound interest is P(1 + r)^t, where P= principal (initial amount), r = interest rate (in decimal form), and t = time (in years). Let's do this step by step. First off, we add the rate into 1. 4% is the interest rate (0.04 in decimal form). 1 + 0.04 is 1.04. Now, what we will do is raise that number to the 2nd power, because the time that elapses is 2 years. 1.04² is 1.0816. That's that. Now, multiply 7,500 to find the total amount of money. 1.0816 * 7,500 is 8,112. There. Toby's savings account balance in 2 years is £8,112.
Note: To solve for compound interest questions like it, add 1 to the percentage rate in decimal form, raise that number to a power based on the number of years (for example, raise the number to the 7th power if we are looking for the balance after 7 years), and then multiply that number by the starting amount. After you raise the number by a power, there may be a lot of numbers behind it. Whatever you do, DO NOT delete the number. Keep it there and multiply it by the principal.
why isn't there a sig n between the 3(x+5)2-4
Answer:
Total FUTA : $669.6
Step-by-step explanation:
Given the information
- Person 1 earned $3900 in the first quarter
- Person 2 earned $20100 in the first quarter
- Person 3 earned $6900 in the first quarter
As we know, FUTA is short for Federal Unemployment Tax Act, and the FUTA tax rate is 6.2% applied to a maximum cumulative earnings of $7,000.
So in this situation, only person 1 and 2 must pay FUTA tax because ther earning are lower than $7,000.
- Person 1: 3900 x 6.2% = $241.8
- Person 3: 6,900 x 6.2% = $427.8
=> Total FUTA : $669.6
Answer:
D
Step-by-step explanation:
if you were to chose c you would find that to negatives make a positive and the first negative has to be there so d would be the best possible answer
