Answer:
$4,3750.00
Step-by-step explanation:
Simple interest is calculated using the equation:
I = Prt
I = Interest
P = Principal
r = Rate
t = Time (years)
I = 2,500 * 3.5 * 5
43750 = 2,500 * 3.5 * 5
Therefore, the interest is $43750.00
Answer:
d is your Answer .............
Use the compound interest formula.
A = P*(1 +r/n)^(n*t)
where P is the principal, r is the annual rate, n is the number of compoundings per year, and t is the number of years.
For the first investment, ...
A = 208,000*(1 +.08/4)^(4*5) = 309,077.06
For the second investment, ...
A = 218,000*(1 +.07/2)^(2*4) = 287,064.37
Totaling both investments at maturity, Megan has $596,141.43.
Answer:
y+7=-1/4(x-4) i think
Step-by-step explanation:
