Answer:
4.4
Step-by-step explanation:
252 times 0.01745
Answer:
<em>The interest earned is $302.18</em>
Step-by-step explanation:
<u>Compound Interest
</u>
It occurs when the interest is reinvested rather than paying it out. Interest in the next compound period is earned on the principal sum plus previously accumulated interest.
The formula is:
Where:
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
The investment described in the question is of P=$600 at a rate of r=6%=0.06 for t=7 years compounded annually. The compounding period coincides with the time of interest rate, thus n=1.
Applying the formula:
A = $902.18
The interest is:
I = A - P = $902.18 - $600 = $302.18
The interest earned is $302.18
The answer is 200 miles, at $55 dollars each
Distribute the 6 to each term:
6(a)+6(2b)+6(3c)
Multiply the 6 to each of the terms:
6a+12b+18c
There are no like terms, so 6a+12b+18c is your final answer.
Answer:
Step-by-step explanation:
12:15