We have been given that Nicolas has $6,500 to deposit into an account which earns 3.25% interest compounded annually. We are asked to find amount of interest earned at the end on 8 years.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.






Now we will subtract principal amount from final amount to find amount of interest as:


Therefore, Nicolas would have earned $1895.25 in interest at the end of 8 years.
Answer:
30 is ans do you know hindi
Answer:
hehjzjxjxjdjjdhdhdhdhjdjdjhdhdhdhdjdjjdjsjs B is correct
Answer:
1/48
Step-by-step explanation:
the steps are in the picture
Answer:
469 iPads were donated.
Step-by-step explanation:
The school purchased 396 iPads in total: 300+96
Now, you subtract how many the school purchased from the total amount of iPads to see how many iPads were donated: 865-396 = 469