Total cost is $38.16
Multiply 36 by 0.06 (2.16)
Add 2.16 to 36 (38.16)
Answer:
After 12 years the investment will be worth $5145.
Step-by-step explanation:
The formula used for compounded interest is:
A = P(1+r/n)^nt
where,
A = future value
P = Principal Amount
r = interest rate
n = no of times interest is compounded
t = time
In the question given:
A=?
P = $2100
r = 7.75% or 0.0775
n = 1
t= 12
A= 2100*(1+0.0775/1)^1*12
A= 2100 *(1+0.0775)^12
A= 2100 *(1.0775)^12
A= 2100 * 2.45
A= 5145
So, after 12 years the investment will be worth $5145.
Jim buys 2*15=30 apples
To get the answer we have to find 90% of 30
90% = 0.9
0.9*15=27
Now we can subtract 30-27=3 - its the answer
I=prt. I=600(.07)(2). I=42(2). I=84. Juanita will pay $84 interest :)
