anonymous
  • anonymous
I need help with percentages ASAP! Will medal!
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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schrodinger
  • schrodinger
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
anonymous
  • anonymous
A $6,300.00 principal earns 6% interest, compounded annually. After 3 years, what is the balance in the account? a. $1,360,800.00 b. $7,503.40 c. $7,434.00 d. $25,804.80 A $6,000.00 principal earns 8% interest, compounded semiannually twice a year. After 35 years, what is the balance in the account? a. $22,800.00 b. $39,600.00 c. $88,712.07 d. $93,429.71 A boat costs $92,000.00 and deprecates in value by 15% per year. How much will the boat be worth after 10 years? a. $18,112.45 b. $78,200.00 c. $18,941.98 d. $69,000.00 (Step by step help. Teach me how to do this like you're teaching a 10 year old) An investment account earns 4% per year compounded annually. If the initial investment was $4,000.00, how much is in the account after 3 years? Round your answer to the nearest dollar.
anonymous
  • anonymous
like a ten year old?
anonymous
  • anonymous
for the first one, to increase a number by \(6\%\) multiply it by \(100\%+6\%=106\%=1.06\)

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anonymous
  • anonymous
to do it 3 times in succession, multiply it by \((1.06)^3\)
anonymous
  • anonymous
Yes, I need it explained like you're explaining it to a ten year old. Explaining it with the words of algebra 1 makes it hard to understand, so if its told to me with out the algebra language, I'll get it.

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