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Georgia [21]
3 years ago
8

Solve for p. P+9/5=r

Mathematics
1 answer:
alex41 [277]3 years ago
8 0
Hi the answer to your question is p=r-9/5 i hope this helps.
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Judith has \$70 in a savings account that earns 5% interest , compounded annually .
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Answer:

$81.03

Step-by-step explanation:

Given

n = 1 --- annually

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PV = \$70 ---- Present value

Required

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This is calculated as:

FV = PV * (1 + \frac{r}{n})^{nt}

This gives:

FV = 70 * (1 + \frac{5\%}{1})^{1*3}

FV = 70 * (1 + 5\%)^3

FV = 70 * (1.05)^3

FV = 70 * 1.157625

FV = 81.03375

<em>The future value to the nearest cent is: $81.03</em>

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