KetaFord1978
16.02.2022 •
Mathematics
Explain the different between perimeter and area . Describe some real words examples of when you would use perimeter and area?
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Ответ:
P is the principal/ initial amount
r is the annual rate of interest (in decimal form)
t is the number of years the amount is deposited/ borrowed
A is the total amount of money accumulated
n is the number of times the interest is compounded annually
In this case, P = $600, r = 0.016, t = 2, n = 1. Substituting these values on the equation, we get the balance in the account after 2 years to be $619.35.