Answer:but you count the exact number of days you have held the money in computing the interest. To use ... The interest I earn on the account is the interest the bank pays ... account earns 7.5% interest, compounded yearly, and no further deposits or withdraws are ... 1, 2001 was 2 years interest on $575, plus the $1,500 deposit:.
Answer:
her salary after 8 years is $26,602
Step-by-step explanation:
Given that
Fiona salary is $21,000
She received 3% raise each year
We need to find her salary after 8 years
So, here we apply the future value formula
i.e.
= Present value × (1 + rate of interest)^number of years
= $21,000 × (1 + 0.03)^8
= $21,000 × 1.03^8
= $26,602
hence, her salary after 8 years is $26,602
Step-by-step explanation: 1 will now become a 2, so the answer is 1.2.1,
