950 * .05 = $47.5
550 * .04 = $22
$47.5 + $22 = $69.50 interest earned
answer: amount in 4% account = $550
Answer:
2064 meters
Step-by-step explanation:
344*6=2064
The answer would be i<span>n step 4, he made an error in determining which value is closer to 82.5</span>
Answer:
312km
Step-by-step explanation:
1. Multiply. 4800 x 7% = 3744
2. Divide. 3744 / 12 = 312km sq.
So the area after 12 years is 312 km sq.
Answer:
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1 + r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = $300
r = 10% = 10/100 = 0.1
n = 2 because it was compounded 2 times in a year(6 months).
t = 3 years
Therefore,
A = 300(1 + 0.1/2)^2 × 3
A = 300(1 + 0.05)^6
A = 300(1.05)^6
A = $402.03
