The value of the investment in 5 years is $5805.9
<h3>What is Interest ?</h3>
Interest is the amount earned over years for the amount invested.
It is given that
Principal = $5000
Rate = 3%
Compounded Quarterly
Time = 5 years
Amount = ?
The Amount is given by the formula
Amount = P( 1 + (r/n))ⁿˣ
Here n = t = time period for which the investment has been done.
Amount = 5000( 1+(3/4 * 100)⁴ˣ⁵
Amount = 5000 (1.16)
Amount = $ 5805.9
Therefore , The value of the investment in 5 years is $5805.9
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Answer:
In image
Step-by-step explanation:
You need to draw it yourself
If there’s a picture I’m not able to see it
Answer:
c. 22/24
Step-by-step explanation:
perimeter = 3/8 + 3/8 + 1/6
perimeter = 22/24 or 11/12
Do you know how to solve this??
