The formula for compound interest is:
A=P(1+r/n)^(nt)
Where A represents the amount of money in the account after t years, P is the principal (investment), n is the number of compoundings per year, and r is the interest rate in decimal form.
P=11,100
r=.031
n=12 (monthly)
t=19
A=11,100(1+.031/12)^(12*19)
A=11,100(1+. 002583)^(228)
A=11,100(1.002583)^(228)
A=11,100(1.80082)
A=$19,989.10
Answer:D
Step-by-step explanation:
It’s asking for it’s opposite
Answer:
Step-by-step explanation:256
Answer:
100
Step-by-step explanation:
It will help in the future to memorize your time tables
10*10 is basically 10 plus 10, 10 times but in a easier form
10+10+10+10+10+10+10+10+10+10=100
10+10=20
20+10=30
30+10=40
40+10=50
50+10=60
60+10=70
70+10=80
80+10=90
90+10=100