We have been given that Nicolas has $6,500 to deposit into an account which earns 3.25% interest compounded annually. We are asked to find amount of interest earned at the end on 8 years.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.






Now we will subtract principal amount from final amount to find amount of interest as:


Therefore, Nicolas would have earned $1895.25 in interest at the end of 8 years.
Answer:
62.3538
Step-by-step explanation:
There is nothing to solve. If you need a decimal value, you can use a calculator or table of square roots.
Answer:
1) According to your choices, 3.
2) The other two points must be critical points/undefined (imaginary according to your choices)
3) Synthetic division
4) I don't see why the quadratic formula is a choice, but it's the last remaining option.
Answer:
G and E
Step-by-step explanation:
Answer:
1/529
Step-by-step explanation:
