What is the value of c
1 answer:
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Answer:
$14,048.62
Step-by-step explanation:
The interest is 9% per year and compounded 3 times a year, so each compound will be 9%/3 = 3%
The time elapsed will be 15 years and the interest compounded 3 times a year, so the number of compounds happens will be = 15 years* 3 compounds/year= 45x compound.
So basically the money will get 3% interest 45 times. To put into the compounding interest formula, the final account balance will be:
A = P (1 + [ r / n ]) ^ nt
A= amount of the balance after a period of t
P= principal, the initial money deposit( $3,715)
r= rate(9%)
n= number of compound per unit of time(3 times per year)
t= time(15 years)
The calculation will be:
A = P (1 + [ r / n ]) ^ nt
A =
A = $14,048.62
Answer:
40 Minutes.
Step-by-step explanation:
The current time = 4:12 p.M.
Emma's mom will be home from work in 70 minutes.
70 minutes = 1 hour 10 Minutes= 1: 10 Hours
Therefore, Emma's Mom will get home by 5: 22 p.m.
Emma has gymnastics lessons at 6 : 00 p.M.
To determine how much time Emma will have between the time that her mom gets home from work and the beginning of gymnastics lessons, we simply subtract 5:22 from 6.
Emma will have 40 Minutes.