Answer:
1: 11982.79
2: 12136.31
4: 12216.09
12: 12270.46
365: 12297.10
Step-by-step explanation:
The compound interest formula is A=P*(1+r/n)^nt
P=principal amount
r=rate
n=number of compounds per period
t=number of periods
In this situation, the principal amount is 5,000=P. The rate is 6%, so r=0.06. n is equal to the top number in the table. And this is 15 years, so t=15.
For 1, it would be A=5,000*(1+.06/1)^1*15, or A=5,000(1.06^15), or 11982.79.
For 2, it would be 5,000*(1+.06/2)^2*15, or 5,000*(1.03^30), or 12136.31.
And so forth. Good luck
Answer:A
Step-by-step explanation:
because i just know iot is
Answer:
Answer:
a. ----> $10
b. ----> $110
Step-by-step explanation:
Step-by-step explanation:
principle ( p ) = $100
time ( t ) = 10 years
rate ( r ) = 11%
simple interest = (p × r × t)÷ 100
= ( $100 × 11 × 10 )÷ 100
= 11000 ÷ 100
= $110
interest = simple interest - principle
interest = $110 - $100
= $10
Answer:
Step-by-step explanation:
y+1 =(3/4)x+9/4
y=(3/4)x+1/4
