8. $700 at 8% for 6 years.
it could mean
1. compound interest
2. simple interest.
1. Compound Interest
that means that each year it gives you 8% on that whatever new thing so
8 %= 0.08
Each year, it is multiplied by 1.08 since you add the original (1) to the 8% 0.08
so 6 years means
700 times 1.08^6=700 times 1.08 times 1.08 times 1.08 times 1.08 times 1.08 times
1.08 = 1110.81
2. Simple Interest
So just 8% of that 700 is added on
find 8% of 700
8% of 700+0.08 times 700=0.56
6 years = 0.56 times 6 =3.36
add 3.36 + 700= 703.36
Answers are
if compound interest = $1110.81
If Simple interest = 703.36
I hope this helped
~Renee \(^_^)/
Answer:
1. 8/4+ 3= 5
2. 5/(10/2)= 1
3. 5+10/2=10
4. 8/2+5x5= 29
5. 5+3/15+2= 10.15
6. 30+6x11-11= 25.11
7. 12 + (19+2) / 3 =19
Step-by-step explanation:
Your question is incomplete i guess
