Answer:
Step-by-step explanation:
Remark
If this compounds, it means that the interest of the second year has the interest of the first year added to the principle. So if you gain 50 dollars as interest in the first year and the base amount was 1000 dollars, the second year will be taken as 1050 and you will find the interest on that.
Formula
Your formula should be A = P(1 + r)^t
Givens
- A = ??
- P = 165,000
- r = 8% = 8/100 = 0.08
- t = 3 years
Solution
- A = 165000*(1 + 0.08)^3
- A = 165000*(1.08)^3
- A = 165000*1.259712
- A = $207852
Answer: A
<em><u>Problem 2</u></em>
Givens
- P = 5000
- i = 17% = 17/100 = 0.17
- t = 15 years
- A = ?
Formula
A = P (1 + r)*t This is not compounded
Solution
A = 5000*(1 + 0.17)*15
A = [5000*1.17]*15
A = 5850 * 15
A = $87750
Answer C
Answer:
This would depend on how big the room is. U cant evaluate without the total. Sorry!
Step-by-step explanation:
Hope this helped
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The answer would be 25.75.
Step-by-step explanation:
do 590 divided by 90 if that doesn't work multiply it
Answer:
It will take 20 years
Step-by-step explanation:
Work out the 60 % (1300*0.6=780)
Work out the rate of it decreasing (1300*0.02=26)
Do 1300 - 780 = 520
Do 520 / 26 = 20
