Answer:
$14,277.80
Step-by-step explanation:
The standard formula for compound interest is given as;
A = P(1+r/n)^(nt) .....1
Where;
A = final amount/value
P = initial amount/value (principal)
r = rate yearly
n = number of times compounded yearly.
t = time of investment in years
For this case;
P = $7,400
t = 8 years
n = 4 (quarterly)
r = 9.5% = 0.095
Using equation 1.
A = $7,400(1+0.095/4)^(4×7)
A = $7,400(1.02375)^(28)
A = $7,400(1.929432606035)
A = $14,277.80
final amount/value after 8 years A =$14,277.80
Answer:
20, 60, 15
Step-by-step explanation:
Let the third number be n, then
The first number is n + 5 and the second number is 4n
Sum the 3 numbers and equate to 95, that is
n + 5 + 4n + n = 95 ← collect like terms on left side
6n + 5 = 95 ( subtract 5 from both sides )
6n = 90 ( divide both sides by 6 )
n = 15
Thus
The first number is 15 + 5 = 20
The second number is 4 × 15 = 60
The third number is 15
Answer:
Step-by-step explanation:
10
Here’s your answer lemme know if it’s not clear
Answer:
elimination anyday
Step-by-step explanation:
there are two 3y terms so they cancel out when using elimination, mark me brainliest plz
