Find the compound interest and total amount of a one time deposit of $8000 at 12% for 8 years. 1. Use unadjusted values per year, remember to do final amount first then compound interest 2. Use adjusted values for monthly compoundings, remember to adjust R and adjust T, then do the final amount, then do the compound interest
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
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Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
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Find the compound interest and total amount of a one time deposit of $8000 at 12% for 8 years.
1. Use unadjusted values per year, remember to do final amount first then compound interest
2. Use adjusted values for monthly compoundings, remember to adjust R and adjust T, then do the final amount, then do the compound interest
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