thunder from a bolt of lightning travels 1/10 mile in 1/2 second at this rate how many miles can a travel in one second
1 answer:
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Answer:
1260.04
Step-by-step explanation:
The formula for compound interest is:
A = P(1+ where A is the final amount, P is the initial principal balance, r is the interest rate, n is the number of times interest applied per time period and t is the number of time periods elapsed. Since the deposit was compounded annually, just like the interest, we can omit the n in the equation.
Applying the formula to question:
800(1+ = 1260.04 (rounded off to nearest cent since it's money)