Charles deposits $100 in a savings account at 12 percent interest. how much will charles have in 7 years?

Charles will have $184 in 7 years.

Solution:

Given,

Initial deposit: $100 (P)

Interest percentage: 12% (I)

Total number of years: 7 (T)

To find,

Amount after 7 years (A)

Formula,

First, converting 12 percent to a decimal , we get

Substituting the values in equation (1) we get,

A = $184.00

The total amount accrued, principal plus interest, from simple interest on a principal of $100.00 at a rate of 12% per year for 7 years is $184.00.

according to the song of roland, the characteristics of an ideal knight are: loyalty to the king, skilled warriors and horseman, valiant, bold, courageous, strong and proud in battle. they should be determined to fulfil their duties and willing to die to make their people safe.