Answer: he should invest $16129 today.
Step-by-step explanation:
Let $P represent the initial amount that should be invested today. It means that principal,
P = $P
It would be compounded annually. This means that it would be compounded once in a year. So
n = 1
The rate at which the principal would be compounded is 7.6%. So
r = 7.6/100 = 0.076
The duration of the investment would be 6 years. So
t = 6
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 = 25000
Therefore
25000 = P(1+0.076/1)^1×6
25000 = P(1.076)^6
25000 = 1.55P
P = 25000/1.55
P = $16129
The price in dollars per gallon is 4.02 dollars per gallons.
<h3>How to find the price of gasoline in dollars per gallon?</h3>
Gasoline costs 1.05 euro per litre in France.
The first thing to do is to determine the equivalent amount of the same litre in dollar while in France.
Then, equate it the quantity of litres to gallons.
Hence,
1 euro = 1.01 dollars
1.05 euro = ?
cross multiply
price = 1.05 × 1.01
price = 1.0605 dollars
1 litres = 0.264172 gallons
Therefore,
cost = 1.0605 / 0.264172
cost = 4.01552442257 dollars per gallons
cost = 4.02 dollars per gallons
Therefore, the price in dollars per gallon is 4.02 dollars per gallons.
learn more on price here: brainly.com/question/14501882
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11
Because 11x3 is 33
And 11x11 is 121
Hope this answer helped!!
Answer:
7 centimeters
Step-by-step explanation:
Standard size of a coffee cup is 7 centimeters
7 meters is too big
7 kilometers is bigger than 7 meter
7 millimeters is too small