Answer:
21
Step-by-step explanation:
<h3>
Answer: 270.58 dollars</h3>
======================================================
Work Shown:
- A = account value after t years
- P = principal or amount deposited = 800
- r = interest rate in decimal form = 0.06
- n = number of times we compound per year = 1
- t = number of years = 5
So,
A = P*(1+r/n)^(n*t)
A = 800*(1+0.06/1)^(1*5)
A = 1070.58046208
A = 1070.58
After five years, the account will have $1,070.58 in it.
The amount of interest earned is A-P = 1070.58 - 800 = 270.58 dollars.
Answer:
Amount = p( 1+r/100) ^n
= 12000 ( 1+10/100) ²
= 12000( 10/10+1/10) ²
= 12000( 11/10) ²
= 12000 x 11/10 x 11/10
= 14520 rs.
Compund interest = amount - principal
= 14520 - 12000
= 2520rs.
Next question :- no of men can complete a piece of work in 7 days = 36
No of men can complete a piece of work in 42 day = ( 36 x 7 ) ÷ 42
= 252 ÷ 42
= 6 men
Answer:
He earn $535.00 in the 5% account
Step-by-step explanation:
I = interest amount
p = $10 700
r = 5%
t = 1 year
I = (10700×5×1)/100
= $535.00
(Correct me if i am wrong)
