The equation for this is:
F = P(1+i)ⁿ
where
F is the present accounts balance
P is the initial deposit
i is the interest rate
n is the number of months
The interest rate is nominal which is 2.9% per year compounded monthly. Since there are 12 months in a year, that is equal to an effective interest rate of 0.24167% per month compounded monthly (i = 0.0024167). In 9 years, there are a total of 108 months, so n=108.
<span>$2033.88 = P(1+0.0024167)</span>¹⁰⁸
P = $1567.147
Answer:
Steps 1 - 4 below explains it.
Step-by-step explanation:
The way that the soldiers get across the river and leave the boys in joint possession of the boat is;
1) The two 12- year - old boys will take the boat to the other side
2) Thereafter, one of the 12- year - old boys will return with the boat.
3) A soldier will now take the boat to the other side and the soldier will remain there while the other boy returns the boat.
4) Step 1 - 3 is a total of 4 trips. Thus, trip would be repeated the total of n times and the n number of soldiers would get across the river and leave the boys in joint possession of the boat after the total of 4n trips.
Answer:
Whether you're teaching the meaning of fractions or fraction operations, visual models can help students connect fractions to what they already know. Division is an essential foundation for fractions. Once students can divide objects into equal groups, they can begin to grasp dividing a whole into equal parts.
Step-by-step explanation:
Answer:
As a mixed number, 8/3 is equal to 2-2/3.
Step-by-step explanation: