Answer:
4,218.75
Step-by-step explanation:
Lets say that P is your starting principal (spelled -pal and not -ple, because Your Money is Your Pal), r is the interest rate (expressed as a decimal), and Y is the number of years you invest. Then your future value will be:
P (1 + rY) (Simple Interest)
P (1 + r)Y (Annually Compounded Interest)
Note the two formulas give the same answer for one year. After that, compound interest takes off.
Three days
1 1/4 = 5/4
1/2= 2/4
2/4+1/4= 3/4 the first day
5/4-3/4= 2/4
2/4 = 1/4 and 1/4 = two days
the first day+ two days= 3 days
Answer:
yes
Step-by-step explanation:
3% = 800/ 100 = 8, 8x3= 24
800-24 = 776
£776
Answer:
The new volume is 4 times the old volume ♡
