Answer:
A.
|19 | = |–19|
Step-by-step explanation:
Answer:
44
Step-by-step explanation:
There are 4 quarters in a dollar.
"How many quarters are there in eleven (11) dollars?"
4 x 11 = 44
There are 44 quarters in eleven dollars.
Answer:
What shape? i don't see no shape
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.,
![A = P(1+ \dfrac{r}{n})^{nt}](https://tex.z-dn.net/?f=A%20%3D%20P%281%2B%20%5Cdfrac%7Br%7D%7Bn%7D%29%5E%7Bnt%7D)
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
![\text{Account Balance after 21 years} = 29,000(1+\dfrac{0.0724}{365})^{(365 \times 21)}](https://tex.z-dn.net/?f=%5Ctext%7BAccount%20Balance%20after%2021%20years%7D%20%3D%2029%2C000%281%2B%5Cdfrac%7B0.0724%7D%7B365%7D%29%5E%7B%28365%20%5Ctimes%2021%29%7D)
= $69,131.44
Hence, Mike's account balance after 21 years is $69,131.44.
Learn more about Compound Interest:
brainly.com/question/25857212
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