Answer:
The amount after 8 years is $ 16,031.579
Step-by-step explanation:
Given as :
The Principal invested = $ 16000
The rate of interest compounded daily = 9 %
The time period = 8 years
Let The amount after 8 years = $ A
<u>From Compounded method </u>
Amount = Principal invested × 
Or, Amount = 16000 × 
Or, Amount = 16000 × 
∴ Amount = $ 16,031.579
Hence The amount after 8 years is $ 16,031.579 Answer
Answer:
-1 -1 -3 123456
Step-by-step explanation:
Answer:
$115.92
Step-by-step explanation:
To calculate compound interest, which Amount - Principal but we dont know the value for amount so we find the amount first by using the formula.
A = P ( 1 + <u>R</u> ) ^n
100
where p = principal ($800)
a = amount (?)
r = interest rate (7%)
n = time ( no of years) (2)
A = 800 ( 1 + <u>7 </u>) ^2
100 A = 800 ( 1 + 0.07) ^2
A = 800 ( 1.07)^2 = 800 ( 1.1449)
A = 915.92.
We then find compound interest with:
C = Amount - Principal = $915.92 - $800 = $115.92
Answer:
C
Step-by-step explanation:
just plug in 3 to x and solve
Let H = Hailey, M = Megan, B = Bailey
H + M + B = 458
167 + M + B = 458
M + B = 291
152 ≤ M ≤ 164
If M = 152, B = 139
If M = 164, B = 127
Thus,
$127 ≤ B ≤ 139
