Answer:
It is a simple interest account
Step-by-step explanation:
As we might see from the given earnings, the amount of money he earned each year is the same as in the previous year. This means that the amount of money is growing linearly instead of exponentialy. This is characteristic to a simple interest account, which is found by using the formula:
I=Prt
where I = interest earned.
P = principal
r = Interest rate
t = time in years,
if we use this formula to calculate the amount of money earned after t years, we can see it will be the same as the values reported:
I=$300(0.02/year)(1year)=$6
I=$300(0.02/year)(2years)=$12
I=$300(0.02/year)(3years)=$18
So this simple interest account.
100% - 75 %= 25% ($48 is 25 percent of the original price)
finding original price = price after discount / percentage
= $48 ÷25%
=$48 × 100/25
=$48 × 4/1
=$192 (original price)
The answer is 0 because the y coordinate is 0 at both points.
Hello there! I can help you! The formula for compound interest is P(1 + r)^t, where P= principal (initial amount), r = interest rate (in decimal form), and t = time (in years). Let's do this step by step. First off, we add the rate into 1. 4% is the interest rate (0.04 in decimal form). 1 + 0.04 is 1.04. Now, what we will do is raise that number to the 2nd power, because the time that elapses is 2 years. 1.04² is 1.0816. That's that. Now, multiply 7,500 to find the total amount of money. 1.0816 * 7,500 is 8,112. There. Toby's savings account balance in 2 years is £8,112.
Note: To solve for compound interest questions like it, add 1 to the percentage rate in decimal form, raise that number to a power based on the number of years (for example, raise the number to the 7th power if we are looking for the balance after 7 years), and then multiply that number by the starting amount. After you raise the number by a power, there may be a lot of numbers behind it. Whatever you do, DO NOT delete the number. Keep it there and multiply it by the principal.
Answer:
-1/25
Step-by-step explanation:
- (a)^-2
Let a = -5
- (-5)^-2
-1/(-5)^2
-1/25