The answer is D
Step-by-step:
X is one of these two numbers and the other is 2/3X
Sum=X+2/3x=5/3x=535
So X=535*3/5=321
This is the concept of application of compound interest, to calculate the amount I will have after the 5th deposit we proceed as follows;
A=p(1+r/100)^n
where;
A=future amount
p=principle
r=rate
n=number of years
thus substituting the values in our formula we get:
A=3,100(1+8.5/100)^5
A=3,100(1+0.085)^5
A=3100(1.085)^5
A=4,666.34
The amount of money after 5 years will be $4,666.24
Answer:
a = 1
Step-by-step explanation:
Answer:lost
Step-by-step explanation:
The first year they earned 7 million, the second year lost 11 million. subtract 7 from 11 and that is a -4 million