A) After any given year the amount of money would be: [(1000*.04)x]+1000
and x stands for the number of years.
B) The interest is 4%.
C) There would be $3,480.00 after 4 years.
So you need to add 6n with +2 then 5-7
Answer:
244 miles per hour
Step-by-step explanation:
All u have to do is divide 5by 720 and u have ur answer
Answer:
$2,259.71
Step-by-step explanation:
(refer to attached)
the formula for compound interest is:
A = P [ 1 + (r/n) ] ^ (nt)
Where,
A = final amount
P = principal amount (given as $600)
r = interest rate = 7% = 0.07
n = 12 (because compounded monthly)
t = time elapsed (given as 19 years)
Substituting these into our equation,
A = P [ 1 + (r/n) ] ^ (nt)
A = 600 [ 1 + (0.07/12) ] ^ [(12)(19)]
A = 600 [ 1 + 0.005833 ] ^ 228
A = 600 [ 1.005833 ] ^ 228
A = 600 [ 3.7662 ]
A = $2,259.71