Answer: The answer is the 3rd one
Answer:$6451.6 should be deposited.
Step-by-step explanation:
The principal was compounded monthly. This means that it was compounded 12 times in a year. So
n = 12
The rate at which the principal was compounded is 7.2%. So
r = 7.2/100 = 0.072
It was compounded for 3 years. So
t = 3
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. A is given as $8000 Therefore,
8000 = P (1+0.072/12)^12×3
8000 = P(1+0.006)^36
8000 = P(1.006)^36
P = 8000/1.24
P = $6451.6
Answer:
$162
Step-by-step explanation:
Discount = percentage discount ÷ 100 × original cost
Discount =
× $405 = $162
The probability will be :
C(12,2) / C(40,2) = 11/130, which is around 8.46%
C! All angles are the same