3% = 3/100 = 0,03
When it's compount interest it's 1,03 because you gain 3% more from what you already have.
All you need to do
1,03•2000=2060$ for the first year
And then for the second year, you take the actual amount after one year of 3%
1,03•2060=2121,8
After two years, there will be 2121,8$
Answer:
- 64
Step-by-step explanation:
The rule is to multiply by - 2 to get the next number. The numbers in the sequence are 2, - 4, 8, - 16, 32. The sequence shows that the next number is - 64
Hope This Helps :)
Answer:
150
Step-by-step explanation:
Since the value of the bond increases by 4% each year and only 1 year passed by then the ROI is not compounded and we only need to find the value before the 4% was implemented. In order to add 4% to a value we would multiply that value by 1.04 which increases that value by 4%. So, to find the value before the interest was added we would need to divide the new value by 1.04 instead.
$156 / 1.04 = $150
Finally, we can see that the value of the bond when Tyler's mom purchased it was 150
Hey! just so you know you put it upside down but the answer is 23.
