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Compound interest functions can be represented as [(1+i)^t]*n, where i = interest rate t = time n = original number [(1.05)^5]*1500 = $1914.42
If compounded, interest = 81.244 and balance = 456.245 If not compounded, interest = 75 and balance = 450
102102.52
Use the equation I= Prt P= Principal amount(starting)r= Rate as a decimalt=timeI = (55)(0.04)(5)= 11Therefore, he will earn $11 in interest after 5 years.
$4.63
Compound interest functions can be represented as [(1+i)^t]*n, where i = interest rate t = time n = original number [(1.05)^5]*1500 = $1914.42
472.5 i converted 6.3% to .063. multipled that by 1500 to find 6.3% of 1500 and multipled this by 5
Simple interest, 500 + (5 x 5 x 4) = 600. Compound 500 x 1.04^5 = 632.66
If compounded, interest = 81.244 and balance = 456.245 If not compounded, interest = 75 and balance = 450
To calculate depreciation using the annuity method, you divide the depreciable cost of the asset by the estimated useful life in periods. This will give you the annual depreciation expense for the asset. You can use formulas or online calculators to streamline the calculation process.
102102.52
If 1500 dollars is invested at an interest rate of 3.5 percent per year compounded continuously, after 3 years it's worth $1666.07, after 6 years it's $1850.52, and after 18 years it's worth $2816.42.
Use the equation I= Prt P= Principal amount(starting)r= Rate as a decimalt=timeI = (55)(0.04)(5)= 11Therefore, he will earn $11 in interest after 5 years.
$4.63
If the interest is simple interest, then the value at the end of 5 years is 1.3 times the initial investment. If the interest is compounded annually, then the value at the end of 5 years is 1.3382 times the initial investment. If the interest is compounded monthly, then the value at the end of 5 years is 1.3489 times the initial investment.
1500/5=300 300/5=60 60/5=12 12/3=4 4/2=2 5*5*5*3*2*2
$150. 5% interest per $1000 is $50 per year. You had the loan 3 years- $50 x 3.