Answer:
Option B.) $8,123.79
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Answer:
umm im not sure if its correct but do 2 ( the colors ) times how many times it is spun. so there are 6 .
Step-by-step explanation:
Answer:
(a) 8.15
(b) 12.92
Step-by-step explanation:
Given: P = $3000, r = 0.085

Where
A is the Amount
P is the Principal
r is the rate
t is the time
(a) For the amount to double, A = 2 × P
A = 2 × $3000
A = $6000



Take
of both sides

But 
∴ 


t = 8.15
(b) For the amount to double, A = 3 × P
A = 3 × $3000
A = $9000



Take
of both sides

But 
∴ 


t = 12.92
Answer:
t - 16
Step-by-step explanation:
Hope this helps!! :))