find the present value of an investment that is worth $19,513.75 after earning 3percent simple interest for 5.5 years
1 answer:
Answer:
present value = $16750
Step-by-step explanation:
The simple interest formula allows us to calculate A, which is the final amount. According to this formula, the amount is given by A = P (1 + r*t), where P is the principal, r is the annual interest rate in decimal form, and t is the loan period expressed in years
simple interest formula:
t: time
P: present value
A: amount
r
: anual interest
A = P (1 + r*t)
P = A / (1 + r*t)
P = 19,513.75 / (1 + 3/100 * 5.5)
P = 19,513.75/ (1 + 0.165)
P = 19,513.75 / 1.165
P = 16750
present value = $16750
You might be interested in
I think it's B and D because both of them will give you the same answer which is 2.71 but turn it into fraction.
Geometric series are in the form of
Where a is the first term and r is the common ratio .
And it is given that
r=-3,2
So the first five terms are
= 2-6+18-54+162 or 2+4+8+16+32
= 122 or 62
3.65 is the correct answer to 0.146 divided by 0.04
Answer:
where is the question
Step-by-step explanation:
I don't see it.
Answer:
UH HOLD ON RIGHT QUICK CAN YOU TELL ME THE QUESTION
Step-by-step explanation:
