jake122390
23.02.2021 •
Mathematics
The circle below has center E. Suppose that m FG=76° and that FH is tangent to the circle at F.
(a) mZFEG =
(b) m
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Ответ:
Future value using simple interest = $10,880
Future value using Compound interest = $11,240 (Approx.)
Step-by-step explanation:
Given:
Principal Amount = $8,000
Rate = 12% = 0.12
Number of year = 3
Find:
Future value
Computation:
Future value using simple interest
Future value = P + (P)(R)(T)
Future value = 8,000 + (8,000)(0.12)(3)
Future value = 8,000 + 2,880
Future value using simple interest = $10,880
Future value using Compound interest
Future value = P[1+r]ⁿ
Future value = 8,000[1+0.12]³
Future value = 8,000[1.12]³
Future value using Compound interest = $11,240 (Approx.)