We have been given that Nicolas has $6,500 to deposit into an account which earns 3.25% interest compounded annually. We are asked to find amount of interest earned at the end on 8 years.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.
Now we will subtract principal amount from final amount to find amount of interest as:
Therefore, Nicolas would have earned $1895.25 in interest at the end of 8 years.
Hi this was a different question from normal but okay.
Answer:
There has been an high speed chase that lead to an injury of a young girl. Isaac midway had fled the seen at North West 22nd, around 2:56 pm. With the girl laying in the street with a broken leg and fractured ankle. Have any evidence call crime stoppers.
Step-by-step explanation:
This provides criminal, time and location and injury. Good luck.
Answer:
<u><em>The original price would be 50$.</em></u>
Step-by-step explanation:
To find this answer you have to divide 25% by 100, which equals 0.25. Now multiply 0.25 by 40 and you get 10$. Since 10$ was the discount, you just add 10$ + 40$, therefore 50$ is the original price.
Answer:
y=5x+25
y=5(12)+25
y=85
Step-by-step explanation:
