$2835.56 is the closest amount to the balance of the account at the
end of 2 years
Step-by-step explanation:
The formula for compound interest, including principal sum is
where:
- A is the future value of the investment/loan, including interest
- P is the principal investment amount (the initial deposit or loan amount)
- r is the annual interest rate (decimal)
- n is the number of times that interest is compounded per unit t
- t is the time the money is invested or borrowed for
Mr. Wilkins deposited $2,500 in a new account at his bank.
The bank pays 6.5% interest compounded annually on this account.
Mr. Wilkins makes no additional deposits or withdrawals
We need to find the closest amount to the balance of the account at
the end of 2 years
∵ P = $2,500
∵ r = 6.5% = (6.5/100) = 0.065
∵ n = 1 ⇒ compounded annually
∵ t = 2
Substitute all of these value in the formula above to find A
∵
∴
∴ A = $2835.56
$2835.56 is the closest amount to the balance of the account at the
end of 2 years
Learn more:
You can learn more about interest in brainly.com/question/11149751
#LearnwithBrainly
Answer:
You will get 210 pounds
Step-by-step explanation:
Step 1: Determine the exchange rate
Exchange rate=Value of US dollars/value of British pounds
where;
Value of US dollars=800
Value of British pound=560 pounds
replacing;
Exchange rate=800/560=1.43
This can be translated as;
1 British pound=1.43 US dollars
Step 2: Determine the value in pounds of 300 dollars
Value of British pounds=Value of US dollars/Exchange rate
where;
Value of US dollars=300
Exchange rate=1.43
replacing;
Value of British pounds=300/1.43
Value of British pounds=210
You will get 210 pounds
Your answer for air is correct. Glass has a higher refractive index compared to water.
So the answers should go in this order: Water, Glass, Air
Explanation:
Light moves slower in glass, so glass has a higher refractive index than water. This means that light is refracted at a greater angle
Given expression:
To simplify the expression as a fraction in simplest form, let us multiply both terms by 10. Then, both terms must also be divided by 10.
When 2/10 is simplified in lowest terms, we get;
Therefore, 0.8 - 0.6 in fraction form is 1/5.
The value of the expression 6·[(32-8)÷4+2]=48