8. $700 at 8% for 6 years.
it could mean
1. compound interest
2. simple interest.
1. Compound Interest
that means that each year it gives you 8% on that whatever new thing so
8 %= 0.08
Each year, it is multiplied by 1.08 since you add the original (1) to the 8% 0.08
so 6 years means
700 times 1.08^6=700 times 1.08 times 1.08 times 1.08 times 1.08 times 1.08 times
1.08 = 1110.81
2. Simple Interest
So just 8% of that 700 is added on
find 8% of 700
8% of 700+0.08 times 700=0.56
6 years = 0.56 times 6 =3.36
add 3.36 + 700= 703.36
Answers are
if compound interest = $1110.81
If Simple interest = 703.36
I hope this helped
~Renee \(^_^)/
Which is the best example of a scientific discovery resulting from new technology?
the discovery that elements can be grouped in a table on the basis of their properties
the discovery of atomic structure which led to the development of an electron microscope
the discovery of the structure of DNA, which occurred as the result of an X-ray image of a DNA molecule
the discovery that plant pigments can be separated and identified by using paper and a solvent
Answer:
13
Step-by-step explanation:
Answer:
The correct answer is 2. I hope this helps!
Step-by-step explanation:
I am almost 100% sure that this is the answer.