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4 years ago

12

Everthin u need in the pic plz help.

1 answer:

DerKrebs [107]4 years ago

4 0

First add the 3 checks to get the total he is depositing:

52.87 + 302.13 + 35.89 = 390.89
now he wants 275 cash back so subtract 275 from the total of the checks:

390.89 - 275.00 = 115.89

the total next to the green arrow should be $115.89

the answer is C

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Given:

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To find:

The amount after 3 years.

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Formula for amount is:

$A=P\left(1+\dfrac{r}{n}\right)^{nt}$

Where, P is principal, r is the rate of interest in decimal, n is the number of times interest compounded and t is the number of years.

The interest is compounded semiannually, so n=2.

Putting $P=14850, r=4, n=2, t=3$ in the above formula, we get

$A=14850\left(1+\dfrac{0.04}{2}\right)^{2(3)}$

$A=14850\left(1+0.02\right)^{6}$

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On further simplification, we get

$A=14850(1.12616242)$

$A=16723.511937$

$A\approx 16723.51$

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