The interest rates required to get a total amount of $2,420 from compound interest on a principal of $2,000 compounded 1 times per year over 2 years is 10% per year.
<h3>What is compound interest?</h3>
The interest on savings that is calculated on both the initial principal and the interest accrued over time is known as compound interest.
The concept of compound interest, also known as "interest on interest," is thought to have first appeared in Italy in the 17th century. It will accelerate the growth of a sum more quickly than simple interest, which is calculated only on the principal sum.
Money is multiplied more quickly through compounding, and the more times it is compounded, the higher the compound interest will be.
Using the formula A = P(1 + r/n)^nt
Solving for rate r as a decimal
r = n[(A/P)^(1/nt) - 1]
r = 1 × [(2,420/2,000)^{1/(1)(2)} - 1]
r = 0.1
Then convert r to R as a percentage
R = r × 100
R = 0.1 × 100
R = 10%/year
Learn more about compound interest
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here you go . i hope this helps
Answer:
3x-6y
Step-by-step explanation:
3/4(4x-8y)
3/4×(4x-8y)
3/4×4(x-2y)
3×1(x-2y)
3x-6y
9514 1404 393
Answer:
∠KXN and ∠QXT
Step-by-step explanation:
The measure of each angle is the difference of the scale values that the rays intercept. (The same scale needs to be used for each ray.) Of course, complementary angles have a sum of 90°.
Here, we'll refer to angle aXb as "ab".
NP = 95 -35 = 60
PQ = 35 -20 = 15 . . . not complementary to NP
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KN = 165 -95 = 70
QT = 20 -0 = 20 . . . complementary to KN ⇒ your answer
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JK = 180 -165 = 15
PQ = 35 -20 = 15 . . . not complementary to JK
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JK = 15
NK = KN = 70 . . . not complementary to JK
If;
A = Adjacent
O = Opposite
H = Hypotenuse
Then,
Sin Ф = O/H
Cos Ф = A/H
Therefore,
(Sin Ф)/Cos Ф) = (O/H)/(A/H) = (O/H)*(H/A) = O/A
Now,
tan Ф = O/A ----
Therefore, it is true that
tan Ф = SinФ/CosФ
