Which statements describe acceleration? Check all that apply.
2 answers:
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Principal amount = P = $500
Time = t = 14 years
Interest rate = r = 8.25% = 0.0825
Amount accumulated = A
Using the formula of compound interest:
Substituting the values, we get:
Thus the amount accumulated after 14 years will be $1587.01. Compared to the original amount of $500, this amount is tripled.
Time = t = 14 years
Interest rate = r = 8.25% = 0.0825
Amount accumulated = A
Using the formula of compound interest:
Substituting the values, we get:
Thus the amount accumulated after 14 years will be $1587.01. Compared to the original amount of $500, this amount is tripled.
Solution:
we are given in the problem that
So far, 18 of the 25 students in your class have turned in field trip permission slips.
we have been asked to find
What percent of your classmates have turned in permission slips?
Required Percentage
Simplify we get
Required Percentage
Hence 72% percent of your classmates have turned in permission slips.