After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:
where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:
So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
Learn more about Compound Interest formula at:
#learnwithBrainly
If you want to know the value of a function, you need to substitute the variable (here n) for the value:
so in the function
9(n+2)−5n
we substitute n with 14:
<span>9(14+2)−5*14
first calculate the inside of the bracket:
</span>
<span>9*16−5*14
9 times 16 is 144
144-5*14
5*14 is 70, so we have
144-70=74
so the answer should actually be 74!
Perhaps you mistyped the questions? can you check it again, please?
</span>
Answer:
jniancun
Step-by-step explanation:
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For this case we have:
If after 2 hours the marathon runner has traveled 22 kilometers we have:
2h -----------> 22km
Applying a rule of three, we can know the time it takes to run 42km. So, we have:
2h -----------> 22km
x -------------> 42km
Where "x" is the time it takes to travel 42km. Resolving we have:
Thus, after 3.82 hours the marathon runner will travel 42km.
Answer:
3.82 hours
