Use this formula: A = P(1 + r/n)^nt, where A is the amount after interest (what you are solving for), P is the amount you invested originally, r is the rate at which it was invested in decimal form, n is the number of times the compounding occurs each year, t is the time in years it is invested. It would look like this: A = 500(1 + [.06/12])^12*5. Do inside the parenthesis first to get 1 + .005 = 1.005. Now raise that to the 60th power (12 times 5 is 60) to get 1.34558. Now multiply that by the 500 out front to get a total amount of $674.43
Answer:
C. 726
Step-by-step explanation:
9196-1936=7260 and take away the 0 so your answer will be 726
Answe is B: 50
It needs to equal 180 so
100+30=130
180-130=50
Answer:
Step-by-step explanation:
Discount = Regular price × % discount

Answer:
a. Simple interest = $174
b. Compund interest = $1187.1
Step-by-step explanation:
Given the following data;
Principal, P = $1000
Interest, R = 2.9%
Time, T = 6 months
a. To find the simple interest;
S.I = (PRT)/100
S.I = (1000*2.9*6)/100
S.I = 17400/100
S.I = $174
b. To find the compound interest;
Substituting into the formula, we have;




A = $1187.1