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Sladkaya [172]
2 years ago
14

If $300 is invested at a rate of 5% per year and is compounded quarterly how much will the investment be worth in 15 years?

Mathematics
1 answer:
dimulka [17.4K]2 years ago
5 0

Answer:

In 15 years the final balance will be $632.15

Step-by-step explanation:

The final balance would be $632.15 and the total compound interest would be $332.15. If you have trouble with these kind of questions in the future I suggest using a compound interest calculator that can be found online :)

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What is the result when the number 60 is increased by 60%
otez555 [7]

Answer:

96

Step-by-step explanation:

A quick but accurate way to approach this question would be to multiply 60 by 1.60.  We get 1.60(60) = 96.

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7 0
3 years ago
Sheldon also picks tomatoes from his garden. He picked 4 4/10 but 1.5 were rotten and had to be thrown away. How many kilograms
velikii [3]

Given:

Number of tomatoes Sheldon picks = 4\dfrac{4}{10} kg

Rotten tomatoes = 1.5 kg

To find:

How many kilograms of tomatoes were not rotten?

Solution:

Number of tomatoes Sheldon picks = 4\dfrac{4}{10} kg

                                                            = \dfrac{4(10)+4}{10} kg

                                                            = \dfrac{40+4}{10} kg

                                                            = \dfrac{44}{10} kg

                                                            = 4.4 kg

Rotten tomatoes = 1.5 kg

Remaining tomatoes which are not rotten is

Required tomatoes = Tomatoes Sheldon picks - Rotten tomatoes

                                = 4.4-1.5

                                = 2.9 kg

Therefore, the tomatoes which were not rotten is 2.9 kg.

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6 0
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