Answer:
<em>$7,196.42 </em>
Step-by-step explanation:
Using the compound interest formula to fins the amount after 10years;
A = P(1+r)^n
Principal P = $400,000
Rate r = 8% = 0.08
Time t = 10 years
Substitute
A = 400,000(1+0.08)^10
A = 400,000(1.08)^10
A = 400,000(2.1589)
A = 863,569.99
A ≈ 863,570
Hence the amount after 10 years is $863,570
Monthly deposit = $863,570/120 (10 years is equivalent to 120months)
Monthly deposit = 7,196.42
<em>Therefore he will have to deposit $7,196.42 into his account monthly</em>
Answer:
12/25
Step-by-step explanation:
48% is equal to 48/100
This can be simplified by dividing both the numerator and denominator by 4.
48/4=12
100/4=25
Answer:
15.5 inches
Step-by-step explanation:
- Length of rectangle = 22 inches
- Perimeter = 75 inches
To calculate : Width of the rectangle.
★ Perimeter of rectangle = 2( l + w )
→ 75 = 2(22 + w)
→ 75 = 44 + 2w
→ 75 – 44 = 2w
→ 31 = 2w
→ 31 ÷ 2 = w
→ <u>1</u><u>5</u><u>.</u><u>5</u><u> </u><u>inches</u><u> </u><u>=</u><u> </u><u>Width</u>
Therefore, width of the rectangle is 15.5 inches.
Answer:
200
Step-by-step explanation:
200×4%=8
8×3=24
The original amount is $200
154
Subtract $1060 from $5680 to get $4620 > divide $4620 by $30 to get 154 > 154 students can attend
