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haha396
05.02.2021 •
Mathematics
Which is greater 13.06 and 13.16
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Ответ:
Answ13.06
Step-by-step explanation:
Ответ:
a) $481.62 b) $16,569.76
Step-by-step explanation:
The formula for compound interest is:
where
A is the accrued amount (balance)P is the principle (initial deposit)r is the rate (convert percentage into a decimal)t is the time (number of years)Given: P = 3000, r = 1.15% (0.015), t = 10
Interest Earned = accrued amount - principle
= 3,481.62 - 3,000
= 481.62
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I couldn't remember the formula so I created a table:
2130 || 16324.89(1.015) | 0 || 16,569.76