What would be the value of $150 after eight years if you earn 12 percent interest per year? a. $371.39 b. $415.96 c. $465.88

The compound interest is applied, that is to say, each year the interest produced is accumulated to the outstanding capital and the interest of the next period is calculated on the new outstanding capital.

The formula for calculating compound interest is:

Compound interest = Total amount of Principal and interest in future less Principal amount at present = [P(1 + i)ⁿ] – P

(Where P = Principal, i = nominal annual interest rate in percentage terms, and n = number of compounding periods)

[P(1 + i)ⁿ] – P = P[(1 + i)ⁿ – 1] = $150[(1 + 12/100)⁸ – 1] = $150[(1.12)⁸ – 1] = $150[2.47596317629 - 1] = $150[1.47596317629] = $221.39

Total amount = $150 + $221.39 = $371.39

Answer : A.) $371.39



so a parallelogram is just like a square base times height. multiply 40 and 39 to get 1560 inches.

a triangle is base times height divided by two. so multiply 7.9 and 5 and then divide it by 2 to get 19.75inches.

the kite can be split into two separate triangles and added together to get the total area. 30 x 4 /2 which equals 60. make sure to double it for the two triangles making 120.

costs the what? what is the cost of the pants?

step-by-step explanation:

if it is $10, then the price is 14.

take 40% of the cost, and then add the cost.

40% of 10 = 4

4+10 = 14.