You use in for a triangle.
Answer:
750/100 X 8 = 60
60 X 5 = 300
she will earn $300 simple interest
balance of account = $1050
compound interest
100 + 8 = 108
108/100= 1.08
750 X 1.08^5 = 1101.9960576
1102.00 - 750 = $352 compound interest
balance of account = $1102
Answer:
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Step-by-step explanation:
Answer: $5,678.85
Step-by-step explanation:
First find out how much the fund was worth after 5 years.
Compound interest formula:
= Investment * (1 + rate) ^ years
= 4,000 * ( 1 + 11%)⁵
= £6,740.23
Half was removed:
= 6,740.23/2
= £3,370.12
Then compound this for the remaining 5 years:
= 3,370.12 * (1 + 11%)⁵
= $5,678.85
Answer:
155
Step-by-step explanation:
The pattern is the previous number*2 and then +5
5*2=10+5=15
15*2=30+5=35
35*2=70+5=75
Hope this helps