Before her birthday, lynette had $230 in her savings account. she received a total of $75 as gifts. what was the percent of chan
2 answers:
You might be interested in
Given:
P₀ = $1000, the principal
r = 2% = 0.02, the APR
Let the duration be 1 year
n = number of compounding intervals per year.
The value after 1 year is
The following table shows the results obtained from the calculator.
n A
------ ------------------
1 1020.00000
4 1020.15050
12 1020.18436
52 1020.19742
365 1020.20078
P₀ = $1000, the principal
r = 2% = 0.02, the APR
Let the duration be 1 year
n = number of compounding intervals per year.
The value after 1 year is
The following table shows the results obtained from the calculator.
n A
------ ------------------
1 1020.00000
4 1020.15050
12 1020.18436
52 1020.19742
365 1020.20078