Answer:
A = $10,441.68
A = P + I where
P (principal) = $10,400.00
I (interest) = $41.68
Step-by-step explanation:
First, convert R as a percent to r as a decimal
r = R/100
r = 0.02/100
r = 0.0002 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
A = 10,400.00(1 + 0.0002/2)(2)(20)
A = 10,400.00(1 + 0.0001)(40)
A = $10,441.68
Summary:
The total amount accrued, principal plus interest, with compound interest on a principal of $10,400.00 at a rate of 0.02% per year compounded 2 times per year over 20 years is $10,441.68.
Answer: -0.053
Step-by-step explanation:
1•(18/38) + -1 •(20/18) = -0.053
Well. im not 100% sure if this is correct. but what i did was did 5 x 8. which equals 40. so then i did 5 x 3. which equals 15. then i did 5 x 4. which equals 20. hopefully im correct. hope this helped! :)
