Answer:
757,576cents
Step-by-step explanation:
Given
Amount = $10000
Time = 4years
Rate = 8%
n = 1/4 year (compounded quarterly
Using the formula to get the principal
A = P(1+r/n)^nt
10000 = P(1+0.08/0.25)^4(1/4)
10000 = P(1+0.32)
10000= 1.32P
P = 10000/1.32
P = 7575.76
Hence he suppose to invest $7575.76 which is equivalent to 7575.76×100 cents i.e 757,576cents
Answer:
b
Step-by-step explanation:
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Step-by-step explanation:


Answer:
use a ratio
Step-by-step explanation:
you work 10 hours and make $25. How much do you earn per hour? (this is your unit rate.)
<u>10 hours</u>
$25
divide and you get an answer of $2.50 per hour
to check your answer work the problem backwards, take $2.50 times 10 hours = $25