Answer:
$ 8,695.35
Step-by-step explanation:
This is a compound interest question
Amount after t years = A = P(1 + r/n)^nt
Where P = Initial Amount saved
r = interest rate
t = time in years
n = compounding frequency
A = 10,000
r = 3.5 %
t = 21 - 17 = 4 years
n = Compounded monthly = 12
Step 1
Converting R percent to r a decimal
r = R/100 = 3.5%/100 = 0.035 per year.
P = A / (1 + r/n)^nt
Solving our equation:
P = 10000 / ( 1 + (0.035/12)^12 ×4 =
P = $8,695.35
The principal investment required to get a total amount, principal plus interest, of $10,000.00 from interest compounded monthly at a rate of 3.5% per year for 4 years is $8,695.35.
Answer:
146
Step-by-step explanation:
4×12+5×10+4×12=146
Answer:
I've done the math and it's 120, people say it's 120 and online 120, I really wanna help but I just
Answer:
If you still need the answer I think it's B
Step-by-step explanation:
Answer:
x=11
Step-by-step explanation:
complimentary means the two angles add to 90. Since we already know one angle equals 68, subtract 68 from 90= 22. 2x=22. divide 22 by 2 to isolate the variable. Boom, the answer is x=11
