The formula is
A=p (1+r)^t
A future value 8000
P present value?
R interest rate 0.05
T time 3years
Solve the formula for p
P=A÷(1+r)^t
P=8,000÷(1+0.05)^(3)
P=6,910.70

Hope it helps!

8 0

3 years ago

Express in the form 1 : n 8 : 24

olganol [36]

Answer:

1:3

Step-by-step explanation:

8 0

3 years ago

Read 2 more answers

A jewelry box is in the shape of a rectangular with a volume of 528 cubic inches l. The length of the box is 12 inches and the h

Artist 52 [7]

Volume=length*height*width
528=12*5.5*w

divide both sides by 12
44=5.5w
divide both sides by 5.5
8=w
width is 8 inches

5 0

3 years ago

Alice is saving money at a constant rate. Suppose she initially has $70 saved, and after 2 months, she has $170 saved.

timofeeve [1]

Answer:

50 dollars per month

Step-by-step explanation:

Given

$Months = 2$

$Total = 170$

$Initial = 70$

Required

Determine the rate of savings

Suppose in a month, she saves x amount.

In 2 months, she would save 2x

When 2x is added to the initial savings, it gives the total amount saved.

So, we have:

$2x + 70 = 170$

Collect Like Terms

$2x = 170 - 70$

$2x = 100$

Divide both sides by 2

$x = \frac{100}{2}$

$x = 50$

Hence, she saves $50 dollars monthly

3 0

3 years ago