Answer:
$ 8,695.35
Step-by-step explanation:
This is a compound interest question
Amount after t years = A = P(1 + r/n)^nt
Where P = Initial Amount saved
r = interest rate
t = time in years
n = compounding frequency
A = 10,000
r = 3.5 %
t = 21 - 17 = 4 years
n = Compounded monthly = 12
Step 1
Converting R percent to r a decimal
r = R/100 = 3.5%/100 = 0.035 per year.
P = A / (1 + r/n)^nt
Solving our equation:
P = 10000 / ( 1 + (0.035/12)^12 ×4 =
P = $8,695.35
The principal investment required to get a total amount, principal plus interest, of $10,000.00 from interest compounded monthly at a rate of 3.5% per year for 4 years is $8,695.35.
13/4 =12/4 +1/4=3+1/4 so it has to be between 3 and 4 on the number line.Hope this helps and thank you for letting me help you ✅
Answer:
okay it simple the answer is D
Step-by-step explanation:
im just smart I guess
Answer:
option 2
in the first equation y is greater than so it would be shaded above the line and in the second equation y is less than so it would be shaded below the line
Step-by-step explanation:
Canada is 24 in a ratio of 1:8
