This is the formula for compounded interest.
P is the principal investment,
r is the rate (6%=0.06)
n is the number of times compounded per year (n=12 is monthly, n=2 is twice per year)
T is the number of years past
And A is the amount of money after t years with a rate r compounded n times per year staring at P amount
Final answer:
n is the number of times per year the interest is compounded.
Hope I helped, and sorry it took this long for you to get an answer.
Here is how to solve it with long division and synthetic division.
Answer:
It's is a negative one ( -1 )
Step-by-step explanation:
The explanation is in the question, if you draw the line you will see it.
Answer:
10
Step-by-step explanation:
2+(2x4)
2x4=8
2+8=10