$\qquad \textit{Compound Interest Earned Amount}\\
A=P\left(1+\frac{r}{n}\right)^{nt}
\qquad 
\begin{cases}
A=\textit{current amount}\\
P=\textit{original amount deposited}\to &\$3,500\\
r=rate\to 8\%\to \frac{8}{100}\to &0.08\\
n=\textit{times it compounds per year}\to &1\\
t=years\to &2
\end{cases}
\\ \quad \\
A=3500\left(1+\frac{0.08}{1}\right)^{1\cdot 2}\implies 3500(1.08^2)$

6 0

3 years ago

I am taking economics this year and I am confused about the principle of compounding . what two factors are important in making

8_murik_8 [283]

Hay i m taking econ this year to when I'm stuck i watch these they really help
https://www.youtube.com/playlist?list=PL8dPuuaLjXtPNZwz5_o_5uirJ8gQXnhEO

4 0

3 years ago

Round 56,291.8 to the nearest thousand.

NeTakaya

Answer:

56,000.0

Step-by-step explanation:

The number 6 is in the nearest thousand. To round, you look at the number in front of the number you are trying to round and decide if that number is higher or lower than five. If the number is higher than 5, round up to the next highest number. If the number is lower than 5, the number stays the same.

5 0

3 years ago

Read 2 more answers

Which ratio forms a proportion with 25/35 . A. 3/5 B. 15/21 C.24/34 D. 5/11

iogann1982 [59]

In order to find this out, we just needed to find out which one has the same smallest fraction

25 / 35. Divided this by 5 and we will get 5/7 >>> smallest fraction

15/21 . Divided this by 3 and we also will get 5/7 >> smallest fraction

So the answer would be : B. 15/21

hope this helps

3 0

3 years ago