Suppose that $1,000 is deposited into an account that yields 0.85% interest, compounded annually.
1 answer:
<h3>
Answer: 1034.44 dollars</h3>
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Work Shown:
A = P*(1+r/n)^(n*t)
A = 1000*(1+0.0085/1)^(1*4)
A = 1034.43596172007
A = 1034.44
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Notes:
- P = 1000 is the deposit or principal
- r = 0.0085 is the decimal form of the annual interest rate of 0.85%; we can say 0.85% = 0.85/100 = 0.0085
- n = 1 represents how many times per year we're compounding the money (ie annually)
- t = 4 = number of years
- The result of 1034.44 dollars is only possible if you do not withdraw any of the money in the four year time period.
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B
the probability of an event ( A<span> ), given that another ( </span>B<span> ) has already occurred.
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I would say B but I can't see the question very well.
The monthly interest rate is 0.75%
<u>Step-by-step explanation:</u>
The rate of interest= 9%
Total time = 6years
Interest rate per month = 9/12
= 0.75%
Monthly payment =cost of the car + 0.75% of cost of car
Interest per month is 0.75%
2x+3x=
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