Answer:
$7,012.76
Step-by-step explanation:
First, convert R as a percent to r as a decimal
r = R/100
r = 7/100
r = 0.07 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
A = 5,000.00(1 + 0.07/1)(1)(5)
A = 5,000.00(1 + 0.07)(5)
A = $7,012.76
Summary:
The total amount accrued, principal plus interest, with compound interest on a principal of $5,000.00 at a rate of 7% per year compounded 1 times per year over 5 years is $7,012.76.
Answer:
$-6
Step-by-step explanation:
$(8-14)
= $-6
Hope this helped!
Answer:
No
Step-by-step explanation:
y = 32 – 1 is not true to (1,2) because y=2 and 2 does not equal 31.
Answer:
Step-by-step explanation:
So in 10 years, the population will double.
8 years is just before doubling to 6800.
If you consider 10 years to be 100% of the doubling time, 8 years is 80%.
And 80 as a decimal is 80/100 = 0.8
So the answer is 0.8 * 6800, simplify.