The formula for calculating compound interest with yearly contributions is:
Balance = X*(1 + Y)^n + Z((1 + Y)^(n + 1) - (1 + Y)/Y)
where the balance is the money earned after n years invested
Y is the interest rate as a fraction
Z is the yearly contribution
X is the starting investment
Therefore the calculation for this example is:
Balance = 1200*(1 + 0.05)^48 + 1200((1.05)^49 - (1.05)/05)
= $249,393.5
The answer to this question is 5/6
Answer:
$8.2
Step-by-step explanation:
The final price of the coat = $45 -0.2 * $45 = $36
The final price of the suit = $95 − 0.3 * $95 = $66.5
sarosh's commission = 0.08 * ( $36 + $66 ) = $8.2
In mathematics, the term "center of dilation" refers to a constant point on a surface from which all other points are either enlarged or compressed. The center of dilation and the scale factor comprise the two properties of a dilation.
