I think it's the third one too
Answer:
160:40 or 160 to 40, 80:320 or 80 to 320, 400:1000 or 400 to 1000
Step-by-step explanation:
Answer:
Step-by-step explanation:
Given the following data;
Principal = $7,000
Interest = 3.5% = 3.5/100 = 0.035
To find the future value, we would use the compound interest formula;
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
n is the number of times the interest is compounded in a year.
t is the number of years for the compound interest.
Substituting into the equation, we have;