Answer:
Future Balance
$1,044
Step-by-step explanation:
Compound interest is simple- It’s the interest you earn on both your original deposit and on the interest that your money earns. Compound interest allows your savings to grow faster over time. In an account that pays interest, the earnings are typically added to the original principal at the end of every compounding period. That's often daily or monthly. Each time interest is calculated and added to the account, the larger balance results in more interest earned than before. This is what’s meant by compound interest. Note that high-interest savings accounts earn money faster than accounts with lower yields.
Answer:
Question 2:
If the size of bacteria is 2000 initially and doubles after every half hour
It means in the 1st 30 min its size is 2000
And in 60 min its
30min=2000
60min=?
60×2000=120000
120000÷30
=4000
And in 9hrs
1hr=60min
9hrs=?
60×9=540min
30min=2000
540min=?
2000×540
=1080000÷30
=360000
