Answer:
Results are below.
Step-by-step explanation:
Giving the following information:
Decrease rate (d)= 7%
Number of periods (n)= 7 years
Current population (PV)= 48,000
<u>First, to calculate the future value, we need to use the following decrease exponential formula:</u>
<u />
FV= PV*[(1+d)^-n]
<u>After 7 years:</u>
FV= 48,000*(1.07^-7)
FV= 29,892
Answer:
D is the equation of the circle
Answer:
The total amount he will altogether be: $19360
Step-by-step explanation:
Given
- Amount Borrowed = P = $16,000
- Interest rate = r = 6% = 6/100 = 0.06
- Time period = t = 3.5 years
To determine
- Total Amount altogether = A
Using the formula
I = Prt
substituting the values P = 16,000, r = 0.06, t = 3.5 years
I = 16,000 × 0.06 × 3.5
I = $3360
Thus, the interest amount = $3360
Therefore, the total amount he will altogether:
A = P + I
A = 16,000 + 3360
A = $19360
Therefore, the total amount he will altogether be: $19360
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