
A = 47900
i = 5% = .05
n = number of compounding periods in a year (1,2,12,365)
t = number of years = 5
Answer:
$162.50
Step-by-step explanation:
I=Prt
I=(5000)(0.065)(0.5)
I=162.50
0.5 = 6 months, which is half of a year
0.065 = the percent (6.5%) in decimal form
4/3 = 320/x
4x = 320*3
4x = 960
x = 240
Check:
320/240 divide both by 80
= 4/3 :)