What is the compound interest if the principle is 2500, the rate is 8%, the time is 4 years, and it's compounded annually? Please add explanation

901.22

Step-by-step explanation:

It is given that,

Principal = 2500

Rate of interest = 8% = 0.08 compounded annually.

No. of times interest compounded in a period = 1

Time is 4 years.

Formula for amount is

where, P is principal, r is rate of interest, n is number of times interest compounded in period and t is number of years.

Substitute P=2500, r=0.08, n=1 and t=4 in the above formula.

So, the compound interest is

Therefore, the compound interest is 901.22.

question: use the following table of a school bus during morning pickups to calculate its average speed between 2.8 km and 4.2 km

answer: 42 km/h

explanation: 1.4/0.033 42.42424 = 42 km/h

question answered by

(jacemorris04)

answer: 12/52

step-by-step explanation: my reasoning is that there are 12 face cards in a deck and a total of 52 cards in all.