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

One reason spectroscopists study excited states is to gain information about the energies of orbitals that are unoccupied in an atom’s ground state. Each of the

How many molecules of sodium oxide will be created if 275 grams of sodium reacts with excess oxygen? Given the equation: 4Na + O2 -> 2Na2O

→ What were the reasons for Colonization?

It is a model organism used to study various cell and developmental processes such as the growth of developing body parts in the right place and with the correc

Read the selections from the introduction of the article. The ability to transport goods and human beings efficiently is fundamental to economic life in moder

Help me please i need help

An aqueous solution 10 g of an optically pure substance diluted to 500ml with water and placed in a polarimeter tube 20 cm long. The measured rotation was -6.16

how does the environment fit into PES ( political economical social

Which represents the solution set of 5(x+5) 859x<12x>12x<16

A palindrome is a word or phrase that reads the same both backward and forward. The word ""racecar"" is an example. Create an algorithm (sequence of steps) to d