3(5 √3 + 3 √3) simplified would be 24√3
Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. Mike's account balance after 21 years is $69,131.44.
<h3>What is compound interest?</h3>
Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. It's the outcome of reinvesting interest rather than paying it out so that interest is received on the principal plus previously collected interest in the next quarter.,

where A is the final amount
P is the principal amount
r is the rate of interest
n is the number of times interest is charged in a year
t is the number of years
The principal amount that Mike invested is $29,000. The rate of interest is 7.24% compounded daily, for 21 years. Therefore, the account balance after 21 years is

= $69,131.44
Hence, Mike's account balance after 21 years is $69,131.44.
Learn more about Compound Interest:
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Answer:
There are 44 oranges in the box
Step-by-step explanation:
4.29 kg = 4290 g
4290g / 97.5 g = 44
Answer:175
Step-by-step explanation:
1. Turn 28% into a decima: 0.28
2. Multiply 1250 by 0.28 to get the amount of ninth grade students:350
3. Half the amount of ninth grade students:175
Answer:
330
Step-by-step explanation:
575 - 163 = 412
412 / 1.25 = 329.6
Since we need to exceed the goal and we can only sell whole candy bars, we round 329.6 up to 330.