The Compound Interest of 10400 at 12.7% for 4 years is 6378.
The principal amount is given as 10400.
The rate of interest is given as 12.7%.
The time period to be calculated is given as 4 years.
The compound interest for the given above is to be calculated.
<h3>What is
compound interest?</h3>
Compound interest is the interest that we earn both on the principal amount and the interest we earn.
The formula used to calculate compound interest is:
Where P = principal amount, R = rate of interest, and n = number of years.
We have,
P = 10400
R = 12.7%
n = 4 years
Compound interest:
Now,
10400 [ ( 1 + 0.12.7 )^2 - 1 ]
10400 [ 1.127^4 - 1 ]
10400 [ 1.61322 - 1 ]
10400 x 0.6132
6377.56
Rounding to the nearest whole number.
We have,
Compound Interest = 6378.
Thus the Compound Interest of 10400 at 12.7% for 4 years is 6378.
Learn more about Compound Interest here:
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I think it’s 15 sorry if I’m wrong
Answer:
2700 minutes
Step-by-step explanation:
90 minutes a day ,30 days
30*90=2700 minutes
Answer:
f(3) = 6
General Formulas and Concepts:
<u>Pre-Algebra</u>
Order of Operations: BPEMDAS
- Brackets
- Parenthesis
- Exponents
- Multiplication
- Division
- Addition
- Subtraction
<u>Algebra I</u>
Step-by-step explanation:
<u>Step 1: Define</u>
f(x) = 1/3x + 5
f(3) is x = 3
<u>Step 2: Evaluate</u>
- Substitute: f(3) = 1/3(3) + 5
- Multiply: f(3) = 1 + 5
- Add: f(3) = 6
Answer:
1/2
Step-by-step explanation:
27 = 3 ^(4x+1)
Rewriting 27 as 3^3
3^3 = 3 ^(4x+1)
Since the bases are the same, the exponents are the same
3 = 4x+1
Subtract 1
3-1 = 4x+1-1
2 =4x
Divided by 4
2/4 = 4x/4
1/2 =x