Malia has her $ 10.00 allowence to spend at the fall carnival. She decides to order two ice cream cones for herself and her sist
2 answers:
Answer:
Malia's allowance changed from $10.00 to $() after buying ice cream cones.
Step-by-step explanation:
We are given the following information:
Malia's allowance to spend at carnival = $10.00
Ice cream ordered by her = 2
Let x dollars be the cost of one ice cream cone.
Total money spent on ice creams =
Formula:
Thus, Malia's allowance changed from $10.00 to $() after buying ice cream cones.
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We have been given that Nicolas has $6,500 to deposit into an account which earns 3.25% interest compounded annually. We are asked to find amount of interest earned at the end on 8 years.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.
Now we will subtract principal amount from final amount to find amount of interest as:
Therefore, Nicolas would have earned $1895.25 in interest at the end of 8 years.