Since we're doing compound interest for four years it will be simpler than daily.
In case you didn't know the formula, here it is: A = P (1 +r/n)^(nt)
now lets substitute.
A = 500 (1 + 0.03)^4
A = 500 (1.03)^4
A = 500 (1.12550881)
A = 562.754405
Since that decimal is too big for cash, let's round it. Notice that the number after 5 is lower than 5. Thus the first two numbers stay the same and the final answer will be..
A = 562.75
Hope this helps :3
Answer: 4/10
Step-by-step explanation:
2/5 = ?/10 As the amount of pieces correspond to the denominator
As 5x2 = 10
2x2 = 4
Answer:
Step-by-step explanation:
must be r and s
because right at in middle of the distance between them is 0
Answer:
The youngest child will receive $2000
Step-by-step explanation:
A father decided to give 25% of his monthly income to his three children as their monthly allowance.
The eldest child got 45% of the allowance and the youngest got 20%. This means that the second child got:
100 - (45 + 20) = 100 - 65 = 35%
The second child received $3500.
Let the 25% of his monthly income be x.
Hence:
35% of x = 3500
=>
x = $10000
The amount the man shared among his children is $10000.
Hence, the youngest child (20%) will receive:
20% of $10000
= $2000
The youngest child will receive $2000.