1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anon25 [30]
3 years ago
13

Please help I'm very confused on this!!

Mathematics
1 answer:
Effectus [21]3 years ago
7 0

Step-by-step explanation:

The formula for compound interest is

P = I (1 + r/n)^nt

where

P: the total amount of money in the account after a certain amount of time

I: the principal amount

r: the interest rate as a decimal

n: the number of times a year interest is compounded

t: the number of years passed

For Patrick:

P = 200 (1 + 0.02/12)^12*8

P = 200 (1 + 0.00166667)^96

P = 200 (1.00166667)^96

P = 200 * 1.00166667^96

P = $234.67

For Brooklyn:

P = 200 (1 + 0.04/4)^4*8

P = 200 (1 + 0.01)^32

P = 200 (1.01)^32

P = 200 * 1.01^32

P = $274.99

After 8 years, Patrick has $234.67 and Brooklyn has $274.99

You might be interested in
WORTH ALOT OF POINTS PLEASE HELP. Nathaniel is a salesperson who sells computers at an electronics store. He makes a base pay am
Rzqust [24]

Answer: 2

Step-by-step explanation:

3 0
3 years ago
Read 2 more answers
True or false. the points on a line can be paired one to one with real mumbers
frosja888 [35]
This is true, because there is an infinite amount of real numbers in both, and they are both countably infinite (so these infinities are equal). Hope this helps!
3 0
3 years ago
Read 2 more answers
Which number has the same value as 3 X 1/10?
irakobra [83]
To find the same value as 3 x 1/10 you first have to solve 3 x 1/10

so how to do this is you have to make 3 into a fraction

so to make 3 into a fraction you can put 3 as the numerator and 1 as the denominator

so you multiply
\frac{3}{1}  \times  \frac{1}{10}  =  \frac{3}{10}
so 3/10 has the same value as 3x1/10

HOPE THIS HELPS!!!
5 0
3 years ago
1)
Dominik [7]

Answer:

a

Step-by-step explanation:

4 0
2 years ago
Help<br> Cannot use the tactic of moving the variables in my school<br> -5-3w=7w
nevsk [136]
Collect like terms
-3w - 7 w =5
Divide both sides by -10
-10w =5
w = -1/2
7 0
3 years ago
Other questions:
  • Write a cosine function for the graph?
    6·1 answer
  • If XZ= 50, what are XY and YZ ? Exolain how to show work and how you got your answer.
    5·1 answer
  • How do i do fifth grade divison
    15·1 answer
  • The difference of two numbers is 44 1/2 . If the smaller of the two numbers increases 7 times then the difference will be 10 3/1
    7·1 answer
  • FAST
    6·1 answer
  • I kinda need help. Math isn't my best subject.
    14·1 answer
  • Which of the ratios below is equivalent to 3:5? Select all that apply.
    14·1 answer
  • The amount of money in an account may increase due to rising stock prices and decrease due to falling stock prices. Marco is stu
    12·1 answer
  • 1/4 divided by 3 1/2
    10·2 answers
  • 7x-5=8(x*3) what value of x makes this equation true
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!