Expanded Notation Form:
7,000
+ 400
+ 20
+ 0
Expanded Factors Form:
7 × 1,000
+ 4 × 100
+ 2 × 10
+ 0 × 1
Expanded Exponential Form:
7 × 103
+ 4 × 102
+ 2 × 101
+ 0 × 100
Word Form:
seven thousand four hundred twenty
Alt) - Poet
A. $629.86
B. $620.00
C. $641.28
D. $635.61
Based on the given parameters, the value of the investment after 3 years is $629.86
The given parameters about the compound interest are
Principal Amount, P = $500
Interest Rate, R = 8%
Time, t = 3
Compound interests are different from simple interest, and they are calculated using the following compound interest formula
CI = P(1 + R)^t - P
To calculate the amount, we have:
A = P + CI
So, the equation becomes
A = P + P(1 + R)^t - P
Evaluate the like terms
A = P(1 + R)^t
Substitute the known values in the above equation
A = 500 * (1 + 8%)^3
Express 8% as decimal
A = 500 * (1 + 0.08)^3
Evaluate the sum
A = 500 * (1.08)^3
Evaluate the exponent
A = 500 * 1.259
Evaluate the product
A = 629.86
Hence, the value of the investment after 3 years is $629.86
Read more about compound interest at:
#SPJ1
Answer:
Step-by-step explanation:
Answer:
1470
Step-by-step explanation:
I am pretty sure that this is the answer.
Tell me if i am wrong.
Can I get brainliest
0/6 equivalent to 0
I hope that's help !