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Solnce55 [7]
3 years ago
13

The number 18 is which percent of 15?

Mathematics
1 answer:
svetoff [14.1K]3 years ago
5 0
3/15=0.2
0.2+1=1.2
1.2*100=120
120%

Hope this helps :)
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Papessa [141]

Answer:

a) $3480

b) $4036.8

Step-by-step explanation:

The compound interest formula is given by:

A(t) = P(1 + \frac{r}{n})^{nt}

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Suppose that $3000 is placed in an account that pays 16% interest compounded each year.

This means, respectively, that P = 3000, r = 0.16, n = 1

So

A(t) = P(1 + \frac{r}{n})^{nt}

A(t) = 3000(1 + \frac{0.16}{1})^{t}

A(t) = 3000(1.16)^{t}

(a) Find the amount in the account at the end of 1 year.

This is A(1).

A(t) = 3000(1.16)^{t}

A(1) = 3000(1.16)^{1} = 3480

(b) Find the amount in the account at the end of 2 years.

This is A(2).

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4 0
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Natasha2012 [34]
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3 0
3 years ago
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