Hi! im in 7th and learning this, its 26x9 and then minus that by 9x9
Answer:
63 Hope this helps you and everyone else :)
Step-by-step explanation:
First, multiply 9x2 to get 18. Then, multiply 9x5 to get 45. Finally add both numbers to get 63.
Answer:
With monthly compounding, the bank will calculate interest on your account just once per month. It will not update your balance on a daily basis when it calculates how much interest it owes you. Assuming that the APR is the same, accounts with monthly compounding offer a lower APY than accounts with daily compounding.
P=5000
t=8
r=7%=0.07
n=4
Now all of this have to be substituted to the formula
A=5000(1+0.07/4)^(4*8)=5000(1+0.07/4)³²=8711.07
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