Answer = £6911
Compound interest of 5% means multiplying by 1.05 each year.
Let’s call the missing value x
To find x, we need to do:
(X) * 1.05 * 1.05 * 1.05 = 8000
So, to find x, divide 8000 by 1.05^3
Answer:
3
Step-by-step explanation:
so.i think y=3x+b. I'm not completely sure but y2-y1 over x2-x1
Monthly amount, M = $102×4 = $408.
Also, yearly amount, Y = M×12 = $408×12 = $4896
It is given that 25% of the cost is contributed by Marcus.
Amount Marcus paid
Therefore, his employer contribution annually for coverage is $( 4896 - 1224)=$3672.
Hence, this is the required solution.
Answer:
18360
Step-by-step explanation:
A = P (1 + r/n)^(nt) where A is the amount in the account, P is the principle, r is the interest rate , n is the times compounded per year, t is the number of years
A = 17000 (1 + .08/1)^(1*1)
A = 17000( 1.08)^1
A = 18360
Answer: CD=18
Explanation: Use the side-splitter theorem and solve.
1) (3/x)=(4.5/(x+6)), cross multiply and solve for x
2) 6x+36=9x
3) x=12
4) Solve for CD
5) (12)+6=18
