The "compound amount" formula is A = P(1+r/n)^(nt),
where P=original investment, r=interest rate as a decimal fraction; n=number of compounding periods, and t=number of years.
Then A = $12000 * (1+0.08/2)^(2*11)
= $12000(1.04)^(22) = $28,439.03 (answer)
Answer:
$755
Step-by-step explanation:
You can use the formula c = 60m + 35 for this. c is the cost and m is the number of months. Since a year is 12 months, 60m = 60*12 = 720. Then add the one time fee of $35. 720 + 35 = 755.
Answer:
40,143.4 square inches
Step-by-step explanation:
c= 226.08
r= 113.04
area = Pi *r^2
