The Compound Interest would be $1104.895
What is Compound Interest ?
The interest charged on a loan or deposit is known as compound interest. It is the idea that we use the most frequently on a daily basis. Compound interest is calculated for an amount based on both the principal and cumulative interest. The main distinction between compound and simple interest is this. If we examine our bank statements, we will typically see that our account is credited with interest on a yearly basis. Even though the principal remains the same, the interest changes annually. We can observe that interest rises over time. As a result, we can infer that the interest the bank charges is compound interest, or CI, rather than simple interest.
Number of quarters in 5years =5×4=20
Quarterly rate of compound interest
r=24=0.5%
Initial amount
P=$1000
hence the total amount after 5years
= P(1+r/100)n
=1000(1+0.5/100)^20
=1000(1.005)^20
=$1104.895
Hence, The Interest will be $1104.895
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Answer:
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Step-by-step explanation:
in the picture
Answer: Measure angle H = 42°
Step-by-step explanation:
"In a triangle, the measure of the exterior angle is equal to the sum of the measures of the two non-adjacent angles to the exterior angle"
In given we have,
angle E is an exterior angle to triangle DFH
The two non-adjacent angles to angle E are angles D and H
Based on the above rule,
measure angle E = measure angle D + measure angle H
We are given this:
angle E = 87°
angle D = 45°
Substitute with the givens in the above rule and solve for the measure of angle H as follows:
angle E = angle D + angle H
87° = 45° + measure angle H
measure angle H = 87° - 45°
measure angle H = 42°
Hope this helped!
You use it during your life spand
The equation of a line in the slope intercept form is expressed as
y = mx + c
where
m represents slope
c represents y intercept
The given equation is
12x + 2y = 6
we would make this equation to look like the slope intercept equation.
12x + 2y = 6
If we subtract 12x from both sides of the equation, it becomes
12x - 12x + 2y = 6 - 12x
2y = 6 - 12x
2y = - 12x + 6
Dividing both sides of the equation by 2, it becomes
y = - 6x + 3
Thus, by comparing with the slope intercept equation,
slope = - 6
y intercept = 3
