Hello!
Lynne invested 35,000 into an account earning 4% annual interest compounded quarterly she makes no other deposits into the account and does not withdraw any money. What is the balance of Lynne's account in 5years
Data:
P = 35000
r = 4% = 0,04
n = 4
t = 5
P' = ?
I = ?
We have the following compound interest formula





So the new principal P' after 5 years is approximately $42,706.66.
Subtracting the original principal from this amount gives the amount of interest received:


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I Hope this helps, greetings ... Dexteright02! =)
Answer:
2/15
Step-by-step explanation:
2/3 / 5/1 =
2/3 x 1/5 = 2/15
Answer:
3,6,9,27 and 2,4,6,18
Step-by-step explanation:
It simple
Multiply the probability by the cost of the accident:
14,886.05 x 0.071 = 1056.91
Now add the overhead cost:
1056.91 + 110 = 1166.91
The closest answer to this is number D.