The future value of 1000 with annual compounding for 10 years is $1967.15.
The formula for calculating with annual compounding is:
FV = P (1 + r)^n
- FV = Future value
- P = the amount deposited
- R = interest rate
-
N = number of years
1000 x (1.07)^10 = $1967.15
To learn more about future value, please check: brainly.com/question/18760477
The answer is 8/3 or 2 2/3 for the first one.
P(f | weekend) = p(f & weekend)/p(weekend)
.. = 10%/25%
.. = 2/5 = 0.4
Answer:
April took out a loan of $600 and paid it back with simple interest of $60 after 5 years. The formula to calculate interest is given the principal and the time and the interest rate is . For this problem we have to find the interest rate given . To archive that , we can just solve the equation making the interest rate the subject of the formula as shown below,
I= Prt
=> r= I/Pt
=> r= 60/600x5 = 1/50
The interest rate is 1/50 or 0.02 as a decimal. The interest rate is 2% as a percentage.
The greatest common factor of both x^4 and x^3 would be x^3, since the largest number of X variables that you can evenly take out between both terms is x^3 or x cubed.
