Answer:
a. 1350
b. 4%
Step-by-step explanation:
here is the complete question :
Toni invests money into an account which pays a fixed rate of compound interest each year. The total value, £V, of her investment after t years is given by the formula:
V = 1350 x 1.04^t
Answer questions a & b
a - How much money did Toni invest in pounds
b - What rate of compound interest is paid each year
the formula for calculating compound interest is given by :
V = P (1 + r)^t
P = Present value -= amount invested = 1350
R = interest rate = 4%
N = number of years = t
i hope my answer helps you
Answer: where are the graphs
Step-by-step explanation:
Answer:
= $ 4344.05
Step-by-step explanation:
Using the formula
A = P (1 +r/n)^nt
Where A is the amount accumulated, P is the principal amount, n is the number of interest periods, t is the time taken in years.
A = $4369.20
r = 0.033
n = 4
t = 21/12
Therefore;
$4369.20 = P ( 1 + 0.033/4)^ (21/12×4)
$4369.20 = P (1.000825)^7
$4369.20 = 1.005789 P
P = $4369.20/1.005789
<u> = $ 4344.05</u>
Answer: 56
Step-by-step explanation:
C because each adult and youth times the money amount would be the total. So for instance 74(2)+35(2)=218 bc that's the total. Hope I helped.