To get 4% of 800 you times 800 by 4 and divide it by 100. Once you have that amount you add it to 800 to find the amount you will have in your bank the first year.
To get the next year's amount you then get 4% of 832(because after the first year you have more than $800) and then add the 4% to 832, that is the answer for the second year.
To find the third year's amount you get 4% of the new amount (last year's total) and add it to last year's total, that is your total for the third year.
So the first year will be:
(800x4÷100)+800
=32+800
=832
The second year will be:
832+(832x4÷100)
=832+33.28
=865.28
The third year will be:
(865.28×4÷100)+865.28
=34.61(rounded off)+865.28
=899.89
Answer:
The total compound interest is $3,488.50, I hope I helped explain how to find total compound interest
Step-by-step explanation:
So the formula for this would be:
A = P(1+r/n)^nt
A = the amount of your principal plus interest, which is the total
P = stands for the principal, which is your original amount invested
r = shows the interest rate in decimal form
n = stands for the number of compounding periods
So to solve for the compound interest we would plug in our numbers in replacement for the letters
Answer:
<em>0.000008</em>
Step-by-step explanation:
Since the exponent of the scientific notation is negative, move the decimal point 6 places to the left.
<em>0.000008</em>
<em>brainliest pls</em>
Answer:
here is your answer
A matrix is a rectangular arrangement of numbers into rows and columns. Each number in a matrix is referred to as a matrix element or entry. The dimensions of a matrix give the number of rows and columns of the matrix in that order. Since matrix A has 2 rows and 3 columns, it is called a 2 × 3 2\times 3 2×3 matrix.
