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Dahasolnce [82]
3 years ago
5

I need help with this word problem

Mathematics
1 answer:
Svetradugi [14.3K]3 years ago
6 0
15 children and 9 adults I'm pretty sure
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Step-by-step explanation:

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What is the biggest number possible in life?
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I need help really bad
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Answer:

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Step-by-step explanation:

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5 0
3 years ago
At what interest rate must you invest $4500 to have $7,000 after 6 years, if the interest is compounded quarterly?
labwork [276]

Answer:

The amount is $8358.7 and the interest is $3858.7.

Step-by-step explanation:

Explanation

STEP 1: To find amount we use formula:

A=P(1+rn)n⋅t

A = total amount

P = principal or amount of money deposited,

r = annual interest rate

n = number of times compounded per year

t = time in years

In this example we have

P=$4500 , r=7% , n=2 and t=9 years

After plugging the given information we have

AAAA=4500(1+0.072)2⋅9=4500⋅1.03518=4500⋅1.857489=8358.7

STEP 2: To find interest we use formula A=P+I, since A=8358.7 and P = 4500 we have:

A8358.7II=P+I=4500+I=8358.7−4500=3858.7

4 0
3 years ago
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