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

1. Find the greatest number of 4-digits which is exactly divisible by each of 2,3,4,5,6 and 7.

Find the surface area of the figure and round your answer to the nearest tenth if necessary

On a survey, 6 students reported how many minutes it takes them to travel to school. Here are their responses. Find the mean travel time for these students. 4,

7. Two billiard balls of equal mass, one blue and the other red, slide towards each other at 2.0m/s in opposite directions towards each other. They collide head

five reasons why a girl child should be educated

"A die is rolled and a number less than 5 comes up" Which letter from A to G best represents the probability of the event?

factorize 3x²-11x-20

please help me with these equations and please show the steps

How many more cherry pies have 60 to 89 cherries than 90 to 119 cherries?

Which quotation best develops the theme that true love is more important than custom? "'You are included in the conscription, Fernand, and are only at liberty o