3/2. I hope this is what you are looking for and it helps!
Answer:
1092.50 account value
142.50 interest
Step-by-step explanation:
to solve compound interest questions we use the formula A=P(1+rt) where P is the principal (initial investment) r is the rate or the return (7.5%) and t is the interval or time so 2 years
now putting it together we get A=950(1+ (7.5x2)) = 1092.50 $
the interest is this value A minus the initial investmetn so 1092.50 - 950 = 142.50$
Answer:
B. 
Step-by-step explanation:
Answer:
$360
Step-by-step explanation:
The intial ratio of the sum shared between Khairul, Michael and Ethan is 6 : 4 : 5.
This would be 6x : 4x : 5x
Khairul gives $30 to Michael and $15.
The ratio is. Now;
(6x - 45) : (4x + 30) : (5x + 15)
We are told this is equal to the ratio 7:6:7
Thus;
((6x - 45) + (4x + 30))/(5x + 15) = (7 + 6)/7
(10x - 15)/(5x + 15) = 13/7
Factorize the left hand side;
5(2x - 3)/5(x + 3) = 13/7
5 will cancel out to get;
(2x - 3)/(x + 3) = 13/7
Cross multiply to get;
7(2x - 3) = 13(x + 3)
14x - 21 = 13x + 39
14x - 13x = 39 + 21
x = 60
Amount Khairul had initially was denoted as 6x.
Thus,6x = 5 × 60 = $360
Answer:
Hi
Step-by-step explanation:
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