Answer:
The amount after 8 years is $ 16,031.579
Step-by-step explanation:
Given as :
The Principal invested = $ 16000
The rate of interest compounded daily = 9 %
The time period = 8 years
Let The amount after 8 years = $ A
<u>From Compounded method </u>
Amount = Principal invested ×
Or, Amount = 16000 ×
Or, Amount = 16000 ×
∴ Amount = $ 16,031.579
Hence The amount after 8 years is $ 16,031.579 Answer
Answer:
Both proportions are equivalent.
Step-by-step explanation:
We have been given two proportions and
. We are asked to find why the solutions to our given proportions are equal.
We can solve proportions by cross multiplying them.
After cross multiplying our both proportions we will get same equation that is:
Since we get same equation after cross multiplying both proportions, therefore, the solutions to the given proportions would be same.