The answer is 1/4 because all you have to really do is simplify
Answer:
$295,245
Step-by-step explanation:
Each year the value is 0.9 times what it was the year before. After 5 years, the value is ...
$500,000 × 0.9^5 = $295,245
Answer:
D 180 in²
Step-by-step explanation:
step 1
2 (l) (w) + 2 (l) (h) + 2(h) (w)
step 2
2×(6)×(3) + 2×(6)×(8) + 2×(8)×(3)
step 3
2×(18) + 2×(48) + 2×(24)
step4
36 + 96 + 48 = 180 in²
Answer:
I believe the answer is $20,073.38
Step-by-step explanation:
Step 1: Find the percentage. The formula for annual compound interest is A = P(1 + r)^t, where A = amount (total amount), P = principal (initial amount), r = rate (percentage), and t = time (in years). Our rate is 6%, which is 0.06 in decimal form. Add it to 1. 1 + 0.06 is 1.06.
Step 2: Raise 1.06 to the 5th power. Because we are finding the amount in 5 years, we do that step. 1.06^5 is 1.3382255776.
Step 3: Do not delete the decimal from the calculator. Multiply it by 15,000 to find the total amount. When you do, you get 20,073.383664 or 20,073.38 when rounded to the nearest hundredth.
