3 years ago

HELP ASAP!!!!!

Mathematics

1 answer:

aleksandr82 [10.1K]3 years ago

8 0

Answer:

14 mph

Step-by-step explanation:

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Answer:

The smallest amount is $\£6,911$

Step-by-step explanation:

we know that

The compound interest formula is equal to

$A=P(1+\frac{r}{n})^{nt}$

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P is the Principal amount of money to be invested

r is the rate of interest in decimal

t is Number of Time Periods

n is the number of times interest is compounded per year

in this problem we have

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substitute in the formula above

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solve for P

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$P=8,000/(1.05)^{3}$

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Round to the nearest pound she can invest

The smallest amount is $\£6,911$

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Step-by-step explanation:

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