Answer:
1 year: $2060
2 years: $2121.80
3 years: $2185.45
Step-by-step explanation:
Compound interest formula is A = P(1 + 
) where A is the final amount, P is the initial principal balance, r is the interest rate, n is the number of times interest applied per time period, and t is the number of time periods elapsed. In our case, P would be equal to 2000 dollars, r would be equal to 0.03, for 3 percent, and our n value would just be one, so the final equation is:
First, let's evaluate t for 1, as in one year.
= 2000 x 1.03 = 2060
Two years: 2000 * 1.03 squared = 2121.80
Three years: 2000 * 1.03^3 = 2185.45!
Hope this helps!
Answer:
35 mi²
Step-by-step explanation:
Let's subdivide the figure, as shown.
The lower part is a rectangle whose area is (5 mi)(18 mi) = 90 mi².
The upper part is a trapezoid whose area is found by averaging the length and multiplying the result by the width (8 mi - 5 mi), or 3 mi.
Area of trapezoid:
12 mi + 18 mi
------------------------ = 15 mi Width of trapezoid = 3 mi
2
Thus, the area of the trapezoid is (3 mi)(15 mi) = 45 mi²
and the total area of the entire figure is
45 mi² + 90 mi² = 135 mi²
Answer:
25 centimeters
Step-by-step explanation:
1 meter is 100 centimeters.
10 ÷ 4 = 25
Answer:
$ 3780 will be commission
Step-by-step explanation:
as the commission is 9 % of the total amount of property sold
property sold for = 42000 $
9 % of the total property= 0.09 x 42000
= 3780 $
Answer:
18
Step-by-step explanation:
The formula X/6 - 11 = -8
Add 11 to both sides of the equation X/6 = 3
Multiply by 6 both sides to cancel out the division
X = 18
