The formula for compound interest is:
A=P(1+r/n)^(nt)
Where A represents the amount of money in the account after t years, P is the principal (investment), n is the number of compoundings per year, and r is the interest rate in decimal form.
P=11,100
r=.031
n=12 (monthly)
t=19
A=11,100(1+.031/12)^(12*19)
A=11,100(1+. 002583)^(228)
A=11,100(1.002583)^(228)
A=11,100(1.80082)
A=$19,989.10
Answer:
It's 38.1
Step-by-step explanation:
Answer:
1953125
Step-by-step explanation:
5: 625
6: 3125
7: 15625
8: 78125
9: 390625
10: 1953125
Sequence
×5
Answer:
1/2 of the possibilities are even number
Step-by-step explanation:
Add all of the sides together, you get 12, count on even numbers until you get to 12. 2,4,6,8,10,12. that's six numbers which is half of 12. so half of the possibilities are even.
