Answer:
Peyton's account will have $13,842.18 after a year.
Step-by-step explanation:
Given that Peyton received $ 12,700 and decided to invest it for a year in an account that grants an interest of 8.8% per year, compounded semiannually, to determine the amount of money that will be in said account after the passage of one year, it is necessary to perform the following calculation:
X = 12,700 (1 + 0.088 / 2) ^ 1x2
X = 13,842.18
Therefore, after a year has passed, Peyton's account will be $ 13,842.18.
Answer: $1,412.52
Step-by-step explanation:
Formula to calculate the accumulated amount if <em>P</em> principal invested for <em>t </em>years at a rate of interest <em>r</em> that compounded daily is given by:-
Given: P= $2,335.69
r= 4.3%= 0.043
t= 11 years
Then,
Interest earned = A-P
= $3748.21- 2335.69.
= $1412.52
Hence, Neal earned $1,412.52 as interest.
Just like 2 squared = 4, the square root of 2 multiplied by itself will result in a product of 2. Squaring a number always means multiplying that number by the same number.
Answer:
3,7/6
Step-by-step explanation:
