Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. Mike's account balance after 21 years is $69,131.44.
<h3>What is compound interest?</h3>
Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. It's the outcome of reinvesting interest rather than paying it out so that interest is received on the principal plus previously collected interest in the next quarter.,

where A is the final amount
P is the principal amount
r is the rate of interest
n is the number of times interest is charged in a year
t is the number of years
The principal amount that Mike invested is $29,000. The rate of interest is 7.24% compounded daily, for 21 years. Therefore, the account balance after 21 years is

= $69,131.44
Hence, Mike's account balance after 21 years is $69,131.44.
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Answer:
The distance traveled between 10 minutes and 15 minutes is increasing.
Step-by-step explanation:
Jacob is going on a road trip across the country. He covers 10 miles in 15 minutes.
Therefore, between the 10 minutes and 15 minutes, Jacob was in motion and if he covers 10 miles in 15 minutes with a constant speed, then Jacob will cover
miles in that period.
So, the distance traveled between 10 minutes and 15 minutes is increasing.
(Answer)
Answer:
5,562 x 
Step-by-step explanation:
- Firts, we need to find the maximum recommended amount of bluefish per month. Since the FDA recommends <em>3 servings of 6.00 oz each</em>, the maximum amount would be:
the maximum amount of bluefish per month = 
- Since bluefish contains <em>0.309 ppm of mercury per 1x
oz of fis</em>h, then:
0.309 oz mercury --------> 1x
oz of fish
How many (
) --------> 18.00 oz of fish
oz mercury