We all know, savings account have "Compound Interest"
So, Here, On $100 deposit, amount of Interest = $12
So, for $50, it would be: $6
Then, for $300, it is: $36
b) If you deposit $200, then balance after 1 year,
A = P(1 + r)^t
A = 200(1 + 0.03)^1
A = 200(1.03)
A = $206
Now, Balance with $150
A = 150 (1 + 0.03)^1
A = 150(1.03)
A = 154.5
Difference = 206 - 154.5 = $51.5
In short, Your Answer would be: $51.5
Hope this helps!
How to reduce (simplify) ordinary fraction 8/21? Fraction can't be reduced (simplified). 8/21 = 0.380952380952; Result written as a positive proper fraction and a decimal number. Ordinary (simple, common) math fraction reducing to lowest terms (simplifying), answer with explanations below
Answer:
Step-by-step explanation:
1. Divide the coefficients and the exponentials separately
2. Divide the coefficients
3. Divide the exponentials
Subtract the exponent in the denominator from the exponent in the numerator.
4. Re-join the new coefficient and the new exponential
5. Put the new number into standard form
The number before the power of 10 must be greater than or equal to one and less than 10.
Multiply the answer by 10/10.
Answer:
-160/27
Step-by-step explanation:
