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alexandr1967 [171]
2 years ago
5

jake is going to spin the spinner 60 times work out an estimate for the number of times the spinner will land on 1 {which is 0.2

}
Mathematics
1 answer:
lianna [129]2 years ago
3 0

Answer:

and what is the question? i dont know but i guess its 12

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Using the formula in model 1, choose the correct answers for the total amount and amount of interest earned in the following com
DIA [1.3K]

The total amount is $ 1015.82 and interest amount is $ 165.82

<em><u>Solution:</u></em>

<em><u>The formula for amount when interest is compounded annually is:</u></em>

\mathrm{A}=P\left(1+r}\right)^{n}

Where,

"A" is the total amount

"P" is the principal

"r" is the rate of interest in decimal form

"n" is the number of years

<em><u>From given, $850 at 2% for 9 years, compounded annually</u></em>

P = 850

t = 9 years

r = 2 \% = \frac{2}{100} = 0.02

<em><u>Substituting the given values we get,</u></em>

A = 850(1+0.02)^9\\\\A = 850 \times 1.02^9\\\\A = 850 \times 1.1950\\\\A = 1015.82

Thus total amount is $ 1015.82

Interest amount = Total amount - principal

Interest amount = 1015.82 - 850

Interest amount = 165.82

Thus total amount earned is $ 1015.82 and interest amount is $ 165.82

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