We have been given that Nicolas has $6,500 to deposit into an account which earns 3.25% interest compounded annually. We are asked to find amount of interest earned at the end on 8 years.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.






Now we will subtract principal amount from final amount to find amount of interest as:


Therefore, Nicolas would have earned $1895.25 in interest at the end of 8 years.
Answer:
192 i think
Step-by-step explanation:
Answer:
x = 5
Step-by-step explanation:
1. 8 (x + 2) = 56 Distribute the 8
2. 8x + 16 = 56 Subtract 16 from both sides
3. 8x = 40 Divide both sides by 8
4. x = 5
Answer:
14 cm.
Step-by-step explanation:
Let the radius of the circle = r cm.
Then circumference of circle = 2 π r.
Since circumference exceeds the radius by 74 cm
Therefore, according to the question,







- Hence, the radius of the circle is 14 cm.
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An equation would be y=-1x-1!
I hope this helped! Brainliest? :) -Raven❤️