The formula for annual compound interest is:
A = P (1 + r/n)ⁿˣ
Where:
A = Future value
P = The principal investment amount
r = The annual interest rate
n = The number of times that interest is compounded per year
x = The number of years
A = $6,000
P = $3,000
r = ?
n = 1 times
x = 6 years.
6000 = 3000 × (1 + r)⁶
6000/3000 = (1 + r)⁶
2 = (1 + r)⁶
Taking 6th root on both sides.
1.12 = 1 + r
r = 1.12 - 1
r = 0.12
r = 12%
<h2>The Boston Tea Party was a political and mercantile protest by the Sons of Liberty in Boston, Massachusetts, on December 16, 1773.They boarded the ships and threw the chests of tea into the Boston Harbor. The British government responded harshly and the episode escalated into the American Revolution.</h2>
The Helots were state-owned serfs of the ancient Spartans.
Answer:
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) to find new trade routes to Asia
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