Answer:
We conclude that the total amount accrued, principal plus interest, from compound interest on an original principal of $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.
Step-by-step explanation:
Given
Principle P = $2500
Interest rate r = 5% = 0.05
Time period t = 8 years
To determine
Accrue Amount A = ?
Using the compound interest equation

where:
A represents the Accrue Amount
P represents the Principal Amount
r represents the interest rate
t represents the time period in years
n represents the number of compounding periods per unit t
Important tip:
- Given that the interest is compounded 6 times each year, therefore, the value of n = 6.
now substituting P = 2500, r = 0.05, t = 8 and n = 6 in the equation



∵ 
$
Therefore, we conclude that the total amount accrued, principal plus interest, from compound interest on an original principal of $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.
$72.31 is the total amount AFTER ADDING TWO DEPOSITS
So, if we want to know the amount before deposits, we just need to take the total of previous two deposits
The expressions that show your balance would be
$72.31 – $17.92 – $15.33; $39.06
Answer:
(4,7)
Step-by-step explanation:
It's A.
18 correlates with $350 and 12 correlates with $520.
That crosses off B and D.
18 + 12 days combined equals 30.
That excludes C and D.
A is your answer! :D
Answer:
She had 22 friends at her graduation party.
Step-by-step explanation:
70 chocolates total minus 3 chocolates times the number of friends she had at the party = 4
70-3x=4
Subtract 70 from both sides of the equation
-3x=4-70
Simplify
-3x=-66
Divide both sides of the equation by -3
-3x/-3=-66/-3
Simplify
x=22