Answer:
$1,519
Step-by-step explanation:
Given that :
Balance = principal = $520
Time (t) = 6 years
Annual. Interest rate (r) = 18% = 0.18
Using the compound interest formula:
A = P(1 + r/n)^nt
n = number of times interest is applied per period ; A = final amount
Since interest is compounded monthly, n = 12
A = 520(1 + 0.18/12)^(12 * 6)
A = 520(1 + 0.015)^72
A = 520(1.015)^72
A = 520(2.9211579)
A = 1519.0021
Hence, final amount = $1519
Answer: A
Step-by-step explanation: because I had that same test last year
Answer:
921b-199
Step-by-step explanation:
Answer:
The cost of 6 cans of soup = $7.8
Step-by-step explanation:
The cost of 10 cans of soup = $13
The number of cans needed for the soup = 6
Now, Cost of 1 can of soup =
= $13 / 10 =$1.3
⇒The cost of 1 can of soup is $1.3
Now, The cost of 6 cans of soup = 6 x Cost of 1 can
⇒ 6 x $1.3 = $7.8
Hence, the cost of 6 cans of soup = $7.8
Answer: y= 16.97 ×=7.27
Step-by-step explanation:
Click on file for workings