The total amount accrued, principal plus interest, with compound interest on a principal of $3,000.00 at a rate of 6% per year compounded 1 times per year over 3 years is $3,573.05.
<h3>Compound Interest</h3>
Given Data
A = P + I where
P (principal) = $3,000.00
I (interest) = $573.05
Calculation Steps:
First, convert R as a percent to r as a decimal
r = R/100
r = 6/100
r = 0.06 rate per year,
Then solve the equation for A
A = P(1 + r/n)^nt
A = 3,000.00(1 + 0.06/1)^(1)(3)
A = 3,000.00(1 + 0.06)^(3)
A = $3,573.05
Learn more about compound interest here:
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Answer:
53
Step-by-step explanation:
Number: xy
x+y = 8
sets for 8: (0,8)(8,0)(1,7)(7,1)(2,6)(6,2)(3,5)(5,3)(4,4)
Number is: 53
Answer:
Step-by-step explanation:
The angle sum of a triangle = 180 degrees.
So to find the third angle you would just subtract 23 and 35 from 180.
Third angle = 180 - 23 - 35 = ?
First put them into improper fractions which are 77/19 and 31/21, then multiply 77 and 31 and get 2387, and multiply the denominators 19 and 21 which is 399. Then u can put it into a simplified fraction of u wnat