End year using four digits (0-9).
1 answer:
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Since we know that law of order states that sum or product of any two specific numbers will be same irrespective to their order. and
.
Law of order is only applicable for addition and multiplication. It is not applicable to subtraction and division. Let us see it by an example.
Law of grouping states that it does not matter how to order a group of numbers while adding or multiplying. and
.
Law of grouping is not applicable to subtraction and division. Let us see it by an example.
Therefore, we can see that law of order and law of grouping is not applicable to subtraction.
Answer:
a)$1628.90
b)$1647.00
c)$1648.72
Step-by-step explanation:
The question is on compound interest.
The formula to apply here is;
where
- P=principal /beginning amount
- r=interest rate as a decimal
- n=number of compoundings a year
- t=total number of years
a) If compounded annually, n=1
p=$1000, r=5%=0.05 t=10
Amount will be;
Amount=$1628.90
b) If compounded monthly, n=12
p=$1000, r=5%=0.05, t=10, n=12
Amount=$1647.00
c)If interest compounded continuously, it means the principal is earning interest constantly and the interest keeps earning on the interest earned.Here the formula to apply is;
A=Pe^rt where e is the mathematical constant e=2.71828182846
Hence the amount will be;
Amount=$1648.72