Answer:
1.75
Step-by-step explanation:
it is right
Answer:
4x= 40
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Answer:
No
Step-by-step explanation: They are not because different banks have different interest rates on accounts, different fees and more
Answer: he should invest $16129 today.
Step-by-step explanation:
Let $P represent the initial amount that should be invested today. It means that principal,
P = $P
It would be compounded annually. This means that it would be compounded once in a year. So
n = 1
The rate at which the principal would be compounded is 7.6%. So
r = 7.6/100 = 0.076
The duration of the investment would be 6 years. So
t = 6
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years.
A = 25000
Therefore
25000 = P(1+0.076/1)^1×6
25000 = P(1.076)^6
25000 = 1.55P
P = 25000/1.55
P = $16129
47.5 mph- because 30+65 equals 95 and 95 divided by 2 is 47.5
