Answer:
a) $3480
b) $4036.8
Step-by-step explanation:
The compound interest formula is given by:
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
Suppose that $3000 is placed in an account that pays 16% interest compounded each year.
This means, respectively, that
So
(a) Find the amount in the account at the end of 1 year.
This is A(1).
(b) Find the amount in the account at the end of 2 years.
This is A(2).
Well the first step is to add all the prices up which adds up to $6.80 and multiply it by 1.15. Since the 1 is for the original price which is 6.8 and the .15 is for the tip. You’re welcome and have a nice day
Answer:
x= 58
Step-by-step explanation:
minus 44 from 102