Invested amount (P0 = £6000.
Rate of interest (r) = 3.4% = 0.034.
We know compound interest formula
A = P(1+r)^t
We need work out the value of his investment per year.
So, we need to plug t=1 and plugging values of P and r in the formula above, we get
A = 6000(1+0.034)^1
A = 6000(1.034)
A = 6204.
<h3>Therefore, the value of his investment per year is £ 6204.</h3>
Now, we need to work out the value of his investment after 3 years.
So, we need to plug t=3.
A = 6000(1+0.034)^3
A = 6000(1.034)^3
1.034^3=1.105507304
A = 6000 × 1.105507304
A = 6633.04
<h3>Therefore, the value of his investment after 3 year is £ 6633.04.</h3>
Answer:
Common denominator of 2 and 5 if you want to add or subtract two fractions with 2 and 5 as denominators.
Step-by-step explanation:
Step 1) Take the LCD and divide each denominator by it as follows:
10/2 = 5
10/5 = 2
Step 2) Multiply each nominator with the respective answers from Step 1:
3 x 5 = 15
2 x 2 = 4
Step 3) Put it all together to solve the problem:
15/10 + 4/10 = 19/10
= 3/2 + 2/5 = 19/10
=10
Answer:
7.8%
Step-by-step explanation:
Answer: 47
Step-by-step explanation:
There are 2000 pounds in one ton, so to find the amount of pounds in a set amount of tons, all we need to do is multiply the amount of tons by the amount of pounds in one ton.
12 * 2000 = 24000
There are 24,000 lbs in 12 tons.
Hope that helped! =)