Just add that’s by 6 then times it by 5 the add 3 to it
A=p(1+i/m)^mn
A=6,200×(1+0.0277÷52)^(52×8)
A=7,737.59
Interest earned=7737.59-6200=1537.59
Answer & Explanation:
First, divide the nominal rate by the number of compounding periods. The result is the periodic rate. Now add this number to 1 and take the sum by the power of the number of compounding interest rates. Subtract 1 from the product to get the effective interest rate.
Answer:
1) 56, 56, 56, -7
2) -1, -1, -1, -1
3) -7, 5, -35, -7
4) -4, -8, -4, -8
5) -21, -21, -21, -7
6) 10, -50, -5, -5
7) 48, 48, -4, 48
8) 6, -2, -2, -2
Step-by-step explanation:
Do I really have to explain? lol
Hope this helps.
