Find the exact length of the third side 2 7
1 answer:
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<h3>The worth after 4 years is $ 680.24</h3>
<em><u>Solution:</u></em>
<em><u>The formula for compound interest, including principal sum, is:</u></em>
Where,
A = the future value of the investment
P = the principal investment amount
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per unit t
t = the time the money is invested
From given,
n = 1 ( since interest is compounded annually)
p = 500
t = 4
<em><u>Substituting the values we get,</u></em>
Thus the worth after 4 years is $ 680.24
♥ To solve find how much this will cost AFTER the price increases.
♥ Solve:
Multiply the original price as it is by: <span>1.057 (5.7 as a decimal would be 0.057, but as i said to keep the original price, the 1 will keep it there.)
</span>
Final answer: <span>$195.54</span>
♥ Solve:
Multiply the original price as it is by: <span>1.057 (5.7 as a decimal would be 0.057, but as i said to keep the original price, the 1 will keep it there.)
</span>
Final answer: <span>$195.54</span>