Lou deposited $3,500 into a savings account. The simple interest rate is 4%. How much interest will the account earn in 10 years
1 answer:
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Answer: $3,664.21
Formula:
- P = principle/original amount = $3000
- r = rate of interest = 4% = 0.04
- t = time period (in years) = 5
- A = the new amount
- e = Euler's number ≈ 2.718...
Substitute in the values:
<u>Approximately $3,664.21</u>
<em>I think this is how you solve it o_O</em>
Answer:
Step-by-step explanation:
Suppose that at time we have x mold cells. We are told that after 12 minutes the amount present is double. That is a
we have 2x cells. Then, at
we have (2x)*2 = 4x. We can continue as follows
we have (4x)*2 = 8x.
we have (8x)*2 = 16x
(one hour later) we have (16x)*2 = 32x.
So after one hour from now we have 32x cells.