3 years ago

Suppose you invest 16000 at 9% interest and that it is compounded daily. How much will you have in 8 years?

1 answer:

5 0

Answer:

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one.

Step-by-step explanation:

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Find the ratio of the area inside the square but outside the circle to the area of the square

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Area of the square: A s = s².
Area of the circle: A c = ( 1/2 s )² π = 1/4 s² · 3.14 = 0.785 s²
Area inside the square but outside the circle: s² - 0.785 s² = 0.215 s²
The ratio:
0.215 s² : s² = 0.215 : 1 = 215 : 1000 = 43 : 200 .

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