TheDude108 TheDude108

02-12-2019
Mathematics

contestada

A deposit of $10,000 is made into an account that earns 6% interest. What is the simple and compunt interest formula.

Respuesta :

harshapuranik179 harshapuranik179

02-12-2019

Answer:

Simple interest formula SI = PRT/100

Compound interest formula:

Amount = (P+R/100)^n

Simple interest = 10000 x 6 x 1/100

= $600

Add 600 to 10000

10000+600 = $10600

Amount = (10000 + 6/100)^1

= $10000.06

Hope this helps!

Answer Link

Otras preguntas

25) Grace answered 14 out of the 20 questions correctly. What percentage of the total number of questions was she able to answer correctly? a. b. 14% 70% 77% 80

126,720 inches are equal to ______miles

czy cielsko to archaizm archaizm to wyraz który nie jest już używany

True or False : In 595, Muhammad married a wealthy widow and entered into the ranks of elite Arabic society.

6. Describe at least three things a bank would consider about you when deciding whether to give you a loan. (1-3 sentences. 3.0 points)

7. Different isotopes of carbon have different numbers of A. protons B. electrons C. neutrons D. positrons E. ions

Is 0.012000000 repeating or terminating?

Which of the following was a common problem in tenement buildings in the early 1900s? A)indoor plumbing that went on and off constantly B)poor ventilation due t

What is 75 miles per hour (mi/h) in meters per second (m/s)? 1 mile = 1.6 km.

5/6+2 3/4 (it is a faction)