For compound interest savings, what are the interest earnings for the lender the first year for $2,300 saved at 13% annual interest compounded annually?
$299
c=p(1+r)^n
If the money and interest are left in the bank, how much is the total accumulated savings at the end of the second year for a savings of $3,500 at 8% annually compounded interest?
thank you guys so much !
wc
$4,082.40
For compound interest, what are the interest earnings for the lender the first year for a $5,000 loan at 7.5% annual interest compounded annually?
$375.00
last one its cause i have troubles with these.
For the last one, you just had to find 7.5% of 5000, which is the same thing as dividing 7.5 by 100, which equals 0.075. So multiply that to 5000 and you get 375.
Got anymore?
Determine if the sequence 1, 2, 3, 5, 8, 13... is arithmetic, geometric, or niether
can someone help please
What is the common ratio of this geometric sequence? 1 27 2 18 3 12 4 8 5 16/3
First one is geometric
For the second one
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