Example 10 to the 4th power
Answer:
$215,892.50
Step-by-step explanation:
This is a problem of compound interest.
In compound interest Amount A for principal p charged at interest r% per annum is given by
A = p(1+r/100)^n
where n is the time period in years.
_____________________________
given
p = $100,000
r = 8%
t = 10 years
A= 100,000( 1+ 8/100)^10
A= 100,000( 1.08)^10
A = $215,892.50
So , you need to pay $215,892.50 in total to debt cleared of debt.
Answer:
Step 5
Step-by-step explanation:
The mistake is in step 5.
The previous step was

The order operations, PEDMAS, must be applied:
We have Addition and Division here,
Using PEDMAS, we must divide first to get:

We can now add to get:

Therefore the mistake occurred at step 5
Answer:
3890000000
Step-by-step explanation: