Answer: the future value is $1748.4
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 1550
r = 4% = 4/100 = 0.04
n = 365 because it was compounded 365 times in a year.
t = 3 years
Therefore,.
A = 1550(1 + 0.04/365)^365 × 3
A = 1550(1+0.00011)^1095
A = 1550(1.00011)^1095
A = 1550 × 1.128
A = 1748.4
Answer:
0.78125 or 25/32
Step-by-step explanation:
5^2 - 25
2^5 = 32
Answer:
0.27
Step-by-step explanation:
The total amount is 3.78 so to know cost of one you ➗ by 14
3.78/14=0.27
prob( it lands on open end) = 8/20 = 2/5
prob ( lands on closed end) = 4/20 = 1/5
The second choice is correct.
