We can use the compound interest formula
F=P(1+i)^n
where
F=Future value of investment to be found
P=present value of investment ($1000)
i=interest per period (1/4 year)=0.04/4=0.01
n=number of periods (3 years * 4 quarters = 12)
Substitute or "Plug in" values, so to speak,
F=1000*(1+0.01)^12
use a calculator to do the sum
=1126.83 (to the nearest cent, and use the proper rounding rules)
Answer: 7/8
Step-by-step explanation:
5+2+1 =8
5+2=7
7/8
Answer:
um what kinda question is this?
Step-by-step explanation:
Not really understanding what you are asking
Answer:
x ≤ 13.2.
Step-by-step explanation:
6 ≥ x/2.2
Multiply both sides by 2.2:
6 * 2.2 ≥ x
x ≤ 13.2.
