Compound Interest is the interest that is <em>compounded on a particular sum of money or investment over a given period of time.</em>
- The interest for the first year is $1,576.25
- The sum of money after adding the original to the interest is $11,576.25
- The interest on the new total is $13,400.96
- Step 1: Find the interest for the first year.
The formula is given as:
A = P(1 + r/n)^nt
P = Principal = $10,000
R = Rate = 5%
n = 1
t = 1
First, convert R as a percent to r as a decimal
r = R/100
r = 5/100
r = 0.05 rate per year,
Then solve the equation for A
A = P(1 + r/n)^nt
A = 10,000(1 + 0.05/1)^(1)(3)
A = 10,000.00(1 + 0.05)^(3)
A = $11,576.25
I = A - P
Hence:
I = $11,576.25 - $10,000.00
I (interest) = $1,576.25
-
Step 2: Add the interest to the original amount.
$10,000 + $1,576.25
= $11,576.25
-
Step 3: Determine interest in the new total
The formula is given as:
A = P(1 + r/n)^nt
P = Principal = $11,576.25
r = 0.05 rate per year,
Then solve the equation for A
A = P(1 + r/n)^nt
A = 11,576.25(1 + 0.05/1)^(1)(3)
A = 11,576.25(1 + 0.05)^(3)
A = $13,400.96
Therefore,
- The interest for the first year is $1,576.25
- The sum of money after adding the original to the interest is $11,576.25
- The interest on the new total is $13,400.96
To learn more, visit the link below:
brainly.com/question/16020930
Given the rate of water flow is given by:
r(t)=85e^(-0.04t)
thus the amount of water flow in the first hour when t=1, will be:
r(1)=85e^(-0.04*1)
=81.667
thus the amount of water that flowed out will be:
85-81.667
=3.333 liters
Answer:
x = 0.76
Step-by-step explanation:
plugged it into calculator
Xjsksnsosnsosnsosnd. Didnrjebs didneisneiw sjs did god Factor. x^2−10x−11
(x+11)(x−1)
(x+11)(x+1)
(x−11)(x+1)
(x−11)(x−1)
Answer:
156/12=13
so makes 13 dollars a hour
Hope This Helps!!!