A loan of $50,000 is taken out for six years at 9% interest compounded annually. If the loan is paid off in full at the end of that time period, $50433 must be returned.
<h3>What is Compound interest?</h3>
- Compound interest is calculated by multiplying the initial loan amount, or principal, by one plus the annual interest rate multiplied by the number of compound periods multiplied by one.
- Compound interest is when you earn interest on both your savings and your interest earnings. When you compound interest, you add the interest you've earned back into your principal balance, which earns you even more interest, compounding your returns.
- Assume you have $1,000 in a savings account earning 5% interest per year. You'd earn $50 in year one, giving you a new balance of $1,050. Compound interest occurs when interest earned on savings begins to earn interest on itself.
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The probability of an event that has two possible outcomes is 1/2
<h3>What is Probability?</h3>
This refers to the likelihood of an event occurring and this can be found by calculating using a mathematical model.
It should be noted that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
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Answer:
hi
Step-by-step explanation:
Answer:
x² - 100
Step-by-step explanation:
Use the FOIL method. The FOIL method is the way in which you multiply the terms:
FOIL stands for First, Outside, Inside, Last. Multiply:
First:
x * x = x²
Outside:
x * 10 = 10x
Inside:
-10 * x = -10x
Last:
-10 * 10 = -100
Combine like terms:
x² + 10x - 10x - 100
x² + (10x - 10x) - 100
x² - 100
x² - 100 is your answer.
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ABOUT POINT SLOPE FORM:
- y - Y1 = m(x - X1)
- m represents the slope
- Y1 & X1 is a point
- The form allows you to identify the slope & the point on the line
y - Y1 = m(x - X1)
y - 8 = -1/10(x - 1) -- IN POINT SLOPE FORM
Hope this helps you!!! :)
