Answer: it equals 20
Step-by-step explanation:
10 x 20 = 120, hoped this helped.
Answer:
2673
Step-by-step explanation:
Answer:
$755.80
Step-by-step explanation:
Determine the compound amount first and then subtract the principal from it, to find the amount of interest.
The compound amount formula is A = P (1 + r/n)^(nt), where
P is the initial principal, r is the interest rate as a decimal fraction, n is the number of compounding periods per year, and t is the number of years. Here, P = $2179; t = 5 yrs; r = 0.06; and n = 4 (quarterly compounding).
We get:
A = $2179(1 + 0.06/4)^(4*5), or $2179(1.015)^20, or $2179(1.347) = $2937.80.
The compound amount is $2934.80. Subtracting the $2179 principal results in the interest earned: $755.80.
Just the Mountain bike, cause 4% of $2000 is, $80. and $80 for each year for 7 years make $560. now after 7 years your bank account has $2560. Therefore, you can buy a mountain bike, and have $60 left over, if there is no tax included. But if there is tax, your going to be still short by $115.(calculated according to florida's tax, that is 7%.) Anyways if the tax is over 2% you cant get that bike.
