Answer:
the answer is 1350
Step-by-step explanation:
i got it right
The formula is
A=p (1+r/k)^kt
A fund needed 30000
p Amount invested?
R interest rate 0.1
K compounded semiannual 2
T time 1 year
Solve the formula for p to get
P=A÷(1+r/k)^kt
P=30,000÷(1+0.1÷2)^(2×1)
P=27,210.88
Grapes is $1.00 a pound and we are trying to find out 3.5 pounds so we multiply the price for one unit by the amount of units. ($1.00 x 3.5 = $3.50)
The answer is
C) $3.50
