Answer:
$220.18
Step-by-step explanation:
The amount A(n) accrued for P dollars saved at r% annual interest for a period of n years compounded k times is derived using the formula:
In Jayden's case:
- A(n)=$400
- r=12%=0.12
- n=5 years
- k=12 Months
We want to determine the amount Jayden put in the savings account.
Jayden earned $220.18 from doing odd jobs.
Answer:
Hi hope you have a wonderful and blessed day!!!!
Step-by-step explanation:
Answer:
$17.58 more
Step-by-step explanation:
Answer:
Step-by-step explanation:
The formula for this equation is
a is the final result
p is the starting amount (deposited)
r is the interest rate
n is the number of times it's compounded
t is the time
because it says compound annually and it's after 2 years both t and n equal 2. I rounded a for you, but if you don't need it rounded here it is: 3863.345117
Please double check me I may be wrong, this is my second time doing these type of questions