Answer:
I = p× r× t
300×8×4
pinicipal × rate × time
That is the formula
the answer is 300×8×4= 9600
To solve the problem we use the compound formula given by:
A=p(1+r/100)^n
where:
A=future amount:
p=principle
r=rate
A=1000000, r=11.6%, n=40
plugging the value in the formula we get:
1000000=p(1+11.6/100)^40
solving for p we get:
1000000=80.6432p
p=12400.300
rounding to the nearest 1000 we get
p=$12000
Answer:
<span>A.) 12,000</span>
Answer:
0.1375
Step-by-step explanation:
If x is the amount of time Gillian takes,
1/10 - 1/x = 1/25
Therefore, the answer is A
