Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. Mike's account balance after 21 years is $69,131.44.
<h3>What is compound interest?</h3>
Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. It's the outcome of reinvesting interest rather than paying it out so that interest is received on the principal plus previously collected interest in the next quarter.,
where A is the final amount
P is the principal amount
r is the rate of interest
n is the number of times interest is charged in a year
t is the number of years
The principal amount that Mike invested is $29,000. The rate of interest is 7.24% compounded daily, for 21 years. Therefore, the account balance after 21 years is
= $69,131.44
Hence, Mike's account balance after 21 years is $69,131.44.
Learn more about Compound Interest:
brainly.com/question/25857212
#SPJ1
10:30 a.m. I think
hope that helps :)
Answer:
A. it is a function because each input value has exactly one output.
Step-by-step explanation:
A relation is considered to be a function when each domain value (input), X, of the function has exactly one range value (output), Y, that is related to it. This means a domain value, X, (input) of a function cannot have two different range values (output) that are related to it.
However, two or more different domain values (input) can give the same range value (output).
The table of values given shows different input values, of which each has exactly one output value. However, the different input values give the same output.
Therefore, "it is a function because each input value has exactly one output".
Answer:
(-3,-2)
Step-by-step explanation:
Starting at the point (1, 0)
Now we move don 2 units (so the y-value reduces in two units) making now the point (1,0-2) which is (1, -2)
then we move to the left 4 units (so the x-value has now to be decreased in 4 units) making the point: (1-4, -2) which is (-3, -2)
Answer:
B. m∠B = 118°, a = 17, c = 18
Step-by-step explanation:
The answer choices all agree on the values of ∠B and c, so we only need to compute the value of side a.
We can verify angle B is ...
∠B = 180° -30° -32° = 118°
By the law of sines, ...
a/sin(A) = b/sin(B)
Multiplying by sin(A), we get ...
a = b·sin(A)/sin(B) = 30·sin(30°)/sin(118°) ≈ 16.98855
a ≈ 17.0 . . . units . . . . . matches choice B
__
If you like, you can also verify side c:
c = b·sin(C)/sin(B) = 30·sin(32°)/sin(118°) ≈ 18.00512
c ≈ 18.0 . . . units