Answer:
$110.25
Step-by-step explanation:
Step one:
given
principal= $100
rate= 5%
time = 2 years
Required
The final amount
Step two:
The compound interest formula is
substituting we have
The final amount is $110.25
Look up on google to find out the answer that’s how I get mine
Answer:
$2072
Step-by-step explanation:
Note that:
1 year = 12 months
Hence:
1 year = 12 months
3 years = x months
Cross Multiply
x = 3 × 12
x = 36 months
She makes a down payment of $200 and monthly payments of $52 each for three years.
Her total cost is represented by the expression
= $200 + $52 × m
Where m = number of monthly payments.
$200 + $52 × 36
= $200 + $1872
= $ 2072
8(4) + 4(4) + 4(2)
32 + 16 + 8
^^ Either one of these two expressions can be written down and they'd both be right.
