Answer:
25 minutes
Step-by-step explanation:
50÷10=5
5×5=25
hopefully this helps :)
Answer:
3.33%
Step-by-step explanation:
Given that :
Final amount A= 320
Principal P = 300
Time (t) = 2 years
Yes, the information is enough to obtain the interest rate :
Using the relation :
A = P(1 + rt)
r = interest rate
320 = 300(1 + r*2)
320 = 300(1 + 2r)
320/300 = 1 + 2r
1.0666666 = 1 + 2r
1.0666666 - 1 = 2r
0.0666666 = 2r
r = 0.0666666 / 2
r = 0.0333333
(0.0333333) * 100% = 3.33%
Answer:
The 2nd one
Step-by-step explanation:
Answer:
$14,555.17
Step-by-step explanation:
initial investment, p = $8,000
rater, r = 6% = 0.06
Number of times compounded yearly = 12
Time, t = 10 years
Amount, A = p(1 + r/n)^tn
A = 8000(1 + 0.06/12)^10*12
A = $14,555.17
