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1 answer:
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Future amount after 6 years will be: $10720.76
Step-by-step explanation:
Principal = $8000
Interest= 5% compounded annually
Time = 6 years
We need to find A (future amount)
The formula used is:
A= Future amount
P= Principal amount
r= interest rate
n= no of times interest is applied
t= time
Putting values and finding A
P=8000. r=0.05, n=1, t=6
So, Future amount after 6 years will be: $10720.76
Keywords: Compound Interest
Learn more about Compound Interest at:
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Answer:
10) It increased by appoxamately 17%.
11) 255 decreased by 20%
12) 15 increased by %
13) $9,450
14) $149.8
15) $238.5
Step-by-step explanation:
10) 170 is greater than 150 by 25. 25 is % of 150, so it increased by appoxamately 17%.
11) 225 is decreased by 45. 45 is 20% of 100, so 255 decreased by 20%
12) 15 is increased by 10. 10 is of 15, so 15 increased by
%
13) 5% of 9,000 is 450. 450 + 9,000 is $9,450
14) 7% of 140 is is 9.8. 140 + 9.8 = $149.8
15) 6% of 225 is 13.5. 225 + 13.5 = $238.5