AnvitaY421319 AnvitaY421319

03-11-2022
Mathematics

contestada

2705 is compound annually at a rate of 8% for 1 year

Respuesta :

CidA128316 CidA128316

03-11-2022

The formula of compound interest is,

[tex]\begin{gathered} A=P(1+i)^n \\ \text{Here, A=2075, i=8\%, n=1 year} \\ 2075=P(1+\frac{8}{100})^1 \\ P=1921.3 \end{gathered}[/tex]

Answer Link

Otras preguntas

in the number 13,407.036 there are two 3's. Explain how the values of the 3's are related.

What were the major causes of WWII? Please include at least 4 answers.

Mini-Project: Cents and the Central Limit Theorem 1. Collect a sample of at least 50 pennies by setting aside all the pennies you receive in change for severa

Why is sodium sulphate hemihydrate called as "Plaster of Paris"?

you have a standard deck of 52 cards. you pick one card and then, with out putting the first card back, you pick a second card. what is the probability that bot

The function of the eardrum in the middle ear is to

Why is sodium sulphate hemihydrate called as "Plaster of Paris"?

you have a standard deck of 52 cards. you pick one card and then, with out putting the first card back, you pick a second card. what is the probability that bot

What were the major causes of WWII? Please include at least 4 answers.

what is a high structure part of a church which has 5 letters