Pls help due in like 10 mins- no mfkn links pls pls pls no need to explain
2 answers:
You might be interested in
Answer:
<h3> second term minus first term </h3>Step-by-step explanation:
Difference is a result of subtracting (not dividing!)
To calculate difference between two terms we have to subtract the previous from the next:
Answer:
$ 254.85
Step-by-step explanation:
Total amount invested = $ 560
Interest rate = r = 4.8% = 0.048
Time in years = t = 8 years
The formula for compound interest is:
Here,
A is the total amount accumulated after t years. P is the amount invested initially and n is the compounding periods per year. Since in this case compounding is done annually, n will be 1. Using the values in the above formula, we get:
Thus, the total amount accumulated after 8 years will be $ 814.85
The amount of interest earned will be:
Interest = Amount Accumulated - Principal Amount
Interest = $ 814.85 - $ 560 = $ 254.85
By the end of 8 years, $ 254.85 would be earned in interest.