Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. Mike's account balance after 21 years is $69,131.44.
<h3>What is compound interest?</h3>
Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. It's the outcome of reinvesting interest rather than paying it out so that interest is received on the principal plus previously collected interest in the next quarter.,
where A is the final amount
P is the principal amount
r is the rate of interest
n is the number of times interest is charged in a year
t is the number of years
The principal amount that Mike invested is $29,000. The rate of interest is 7.24% compounded daily, for 21 years. Therefore, the account balance after 21 years is
= $69,131.44
Hence, Mike's account balance after 21 years is $69,131.44.
Learn more about Compound Interest:
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I know nvm I do not it’s so hard
Answer:
Domain: -4 < x < 4
Zeros: (-2, 0), (0, 0) and (2, 0)
The function is positive if: 0 < x < 2
The function is negative if: -4 < x < 0 and 2 < x < 4
Step-by-step explanation:
Domain of the function are those x values where the function is defined, For this case, -4 < x < 4
Zeros of a function are those x values where y = 0, that is, the graph intersect x-axis. For this case, the points are: (-2, 0), (0, 0) and (2, 0)
The function is positive if the graph o the function is above x-axis. For this case, the function is positive at the interval (0, 2)
The function is negative if the graph o the function is below x-axis. For this case, the function is negative at the intervals (-4, 0) and (2, 4)
Answer:
-21/35
Step-by-step explanation:
So, 7/5 is a postive number, since it doesn't have a negative - sign in front of it. On the other hand, -21/35 does. Knowing this, we can conclude that -21/35 is smaller than 7/5.
If you want another way of thinking about it, just guessing, what is 7/5? Well, 7 is bigger than 5, so it must be at least 1. On the other hand, with -21/35, the -21 doesnt look like its bigger than 35, so it must be smaller than 1.
Answer:
<u>-21/35 is smaller than 7/5 </u>
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<u>Ti⊂k∫∈s ω∅∅p</u>
Answer:
c
Step-by-step explanation:
its c
