Answer:
They need to deposit $31,172.49
Step-by-step explanation:
The compound interest formula is given by:

Where A is the amount of money, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time the money is invested or borrowed for, in years.
In this problem
We want to find P for which
when 
So





They need to deposit $31,172.49
You marked the right answer. It is true. XD
Answer:
A. Less than 5
Step-by-step explanation:
5/1 x 7/8 =
35/8 =
4 3/8
No they do not. 40x500 has 4 zeros while 40x600 has 3 zeros
Explanation: 40x500=20000
40x600= 24000
Answer:
Step-by-step explanation: