Answer:
100
Step-by-step explanation:
Answer:
At the end of 3 years, we could save upto $ 2975.4 with an interest rate of 3.3 %
Step-by-step explanation:
If we are putting $ 2700 into our IRA ( individual Retirement Account) for 3 years and we are earning 3.3% profit every year, we need to find the total amount saved at the end of 3 years.
Since the interest is calculated for more than 1 year, this is an example of compound interest.
The formula used is:
where FV = future value
P= Principal amount of money deposited
r= annual interest rate ( in decimal form)
n= number of times interest rate is compounded (yearly)
t= time period
So for our given guestion:
P= $2,700
r = 3.3 % = 0.033
n= 1
t= 3
putting our values in the formula
So, at the end of 3 years, we could save upto $ 2975.4 with an interest rate of 3.3 %
A part is the answer.
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For each answer just divide whatever you are doing/distance/ the time you are doing it in
Answer:
(if its a true or false question) True
Step-by-step explanation:
<u>We know-</u>
<u>Area of a circle = </u>
A=(π)r2
<u>Circumference of a circle = </u>
C=2(π)r
<u>Where pi is a constant and r is the radius of the circle.</u>
<u>Using these two formulas we can express A in terms of C as follows:</u>
<u />
c2=[2(π)r]2
⇒ c2=4[(π)2]r2 ⇒ c2=4(π)[(π)r2]
As (π)r2=A ⇒c2=4(π)A
<u>Therefore:</u>
A=c2/4(π)