1) Compound interest formula:
**<span>
**A = amount, P = principal amount, r = rate, n = # of times interest is compunded every year, t = time(in years)
2) Plug numbers in
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3) Solve
A = 635.24458054
Hope this helped! Good Luck!
Answer:
4/25 en forma de fracción
Step-by-step explanation:
Answer:
The number is -1/2
Step-by-step explanation:
Let x be the number
2x+8 = 7
Subtract 8 from each side
2x+8-8 = 7-8
2x = -1
Divide each side by 2
2x/2 =-1/2
x = -1/2
The number is -1/2
Answer:
125
Step-by-step explanation:
5^3 = 5 x 5 x 5
5 x 5 x 5 = 25 x 5
25 x 5 = 125
Simple interest:
Simple interest is simple. Each year, the interest is calculated as a percentage of the principal, as follows: Interest= (principal) x (rate) x (time).
Compound interest:
Compound interest<span> is calculated on the principal amount and also on the accumulated </span>interest <span>of previous periods.</span>