Answer:
The final ballance will be $1300.37.
Step-by-step explanation:
In this case we have a compounded interest, in order to calculate the final balance we need to use the following formula:
S = P(1 + r/n)^(n*t)
Where S is the final balance, P is the initial investment, r is the rate of interest, t is the time and n is the rate at which it is compounded. Since we have all the values we can directly apply to the formula as follows:
S = 975.52*(1 + 0.0725/4)^(4*4)
S = 975.52*(1.018125)^(16)
S = 975.52*1.333
S = 1300.37
The final ballance will be $1300.37.
Answer: -7.45
Step-by-step explanation -7 5/11 is -82/11 as an improper fraction, which is -7.45 in decimal form.
Answer:
$26.25
Step-by-step explanation:
1.25 per day
21 days
1.25 × 21 = 26.25
Step-by-step explanation:
Molly ran 1/4 of a mile in 1 minute, i.e.
1/4 mile : 1 minute
Multiply both sides by 4 to get time for one mile
1 mile : 4 minutes
Multiply by 4 again to get time for 4 miles
4 miles = 4*4 = 16 minutes.
So it takes Molly 16 minutes to run four miles.
