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dangina [55]
2 years ago
14

130% of what number is 208?

Mathematics
1 answer:
ozzi2 years ago
8 0
1. 208/x = 100/130
2. multiply both sides by x
3. 208 = 0.76923x
4. divide both sides by 0.76923
5. x = 270.4
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Question 1 (Essay Worth 10 points)
zysi [14]

$394.51 is future value of money after 2 years.

What future value means?

  • A current asset's future value (FV), which is based on an estimated rate of growth, is its value at a later time.
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The method that results in more money after 2 years is Peggy's investment.

Which method results in more money in 2 years?

The formula for calculating the future value of an investment:

FV = P (1 + r)^nm

FV = Future value

P = Present value

R = interest rate

m = number of compounding

N = number of years

Future value of Larry's investment: $350 x [1 + (0.04/4)]^(4 x 2) = $379

Future value of Peggy's investment: $350 x [1 + (0.06/12)]^(12 x 2) = $394.51

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brainly.com/question/14860893

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