To solve the problem we use the compound formula given by:
A=p(1+r/100)^n
where:
A=future amount:
p=principle
r=rate
A=1000000, r=11.6%, n=40
plugging the value in the formula we get:
1000000=p(1+11.6/100)^40
solving for p we get:
1000000=80.6432p
p=12400.300
rounding to the nearest 1000 we get
p=$12000
Answer:
<span>A.) 12,000</span>
Answer:
13.1
Step-by-step explanation:
12/90=x/100%
cross multiply
1200%=90x
13 1/3%=x
Answer:
b=41
Step-by-step explanation:
180=19v-41+(180-(20v+39))+17v
v=5
180=19v-41+b+17v
180=19(5)-41+b+17(5)
b=41
The slope is 1/6. y= mx + b
m is always to slope.
