4.2% means 0.042 .
4.2% more than some amount is 1.042 of it.
Interest compounded annually means that a year after you deposit some money
into your bank account, the bank looks to see how much of your money has been
there for a year, and they add 4.2% of that into your account. Another way to
look at it is that they change the balance in your account, from the amount it was
a year ago, to 1.042 of that amount. That's right. They just <u>give</u> you free money !
Why that's so good is: Now the new amount in your account is 1.042 of
the amount you originally deposited, and after another year, they'll give you
another 4.2% of <em><u>that</u></em> larger amount. Then you'll have (1.042)² = about <em><u>
8.6% more</u></em><em /> than your original deposit, 2 years earlier.
At the end of any number of years ... call it 't' years ... the amount in your
account is the amount you deposited, multiplied by (1.042)^'t' power.
If you just put some money into this particular bank, and forget about it
and never touch it, you'll have <em><u>double</u></em> the amount in 17 years.
Now we can go and take care of Rhonda.
She put $3000 into a new account at the the bank, and then she forgot
about it and never touched it. How much is in that account after 't' years ?
The amount that's in that account at any time is called the 'balance'.
How much is it after 't' years ?
<em> Balance = 3,000 (1.042)^'t' power .</em>
Answer:
Step-by-step explanation:
Length of tower:-
Therefore, the tower is 93.6ft tall.
<u>-------------------------------------------</u>
Hello here would be your answers:
mean: 13.6
mediun: 15.5
mode: 16
remember it like this
Mean is the average
Mode is the most often number
Range is when you subtract the smallest number from the largest number
Medium is the middle number when you line it up from the greatest to the least.
hope this helps!
Answer:
B. 42 Mins
Step-by-step explanation:
you take .70x60mins and that is 42 mins.
Answer:
B -1/5
you have to follow pemdas first get rid of the parethase which leaves you with 2+3x+6x=-4x+8x+1 then you add what you can do then you get 2+9x=4x+1 then you subtract 2 from both sides and subtract 4x from both sides which leaves you with 5x=-1 then you divide 5 from both sides and get x=-1/5
