Amount =$48003.20
Step-by-step explanation:
Here apply the compound interest formula;
![A=P(1+\frac{r}{n} )^{nt}](https://tex.z-dn.net/?f=A%3DP%281%2B%5Cfrac%7Br%7D%7Bn%7D%20%29%5E%7Bnt%7D)
where;
P=Principal amount invested = $37500
r=rate of interest as a decimal, 2.5% =0.025
n=number of compounding per year=1
t=time period the amount in invested=10
In our case, the amount after investing will be;
![A=37,500(1+0.025)^{10} \\\\A=37,500(1.025)^{10} \\\\A=48003.20](https://tex.z-dn.net/?f=A%3D37%2C500%281%2B0.025%29%5E%7B10%7D%20%5C%5C%5C%5CA%3D37%2C500%281.025%29%5E%7B10%7D%20%5C%5C%5C%5CA%3D48003.20)
Interest earned after the period= $48003.20-$37500 =$10503.20
Learn More
Compound Interest formula application: brainly.com/question/7014337
Keywords: inherit, sum, money, interest
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Answers:
1)
Mean = $349.2
Median = $352.5
Range = $210
2)
$499.90
3)
$355
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The answer to 75 ÷12.5 is 6
Answer:
If 40 wrong then I am sorry.
Step-by-step explanation: