The answer would be A. the country will have less money to devote to consumer goods, obviously since it is investing the money in military :p the other answer choices hardly make sense
Answer: 12
Step-by-step explanation: 96-84=12
I dont really know how i did it I just did.
Answer: $12000 was invested at 7% while $8000 was invested at 9%.
Step-by-step explanation:
Based on the information given in the question, let the amount that was invested at 7% be n.
Therefore,
0.07n + 0.09(20000 - n) = 1560
0.07n + 1800 - 0.09n = 1560
-0.02n = 1560 - 1800
-0.02n = -240
n = 240/0.02
n = 120
Therefore, $12000 was invested at 7% while $8000 was invested at 9%.
Wouldn’t it be 2/15 chance because there is only two fifteens
Compound interest formula = a=P(1+r/n)^nt
P= lump sum to deposit (solving for)
A= amount accumulated over the entire time (20000)
n= number of times interest is compounded annually (1)
r= rate of interest (0.82)
T= total number of years (15)
20000=P(1+0.082/1)^1*15
20000=P(1.082)^15
20000=P(3.26143638)
20000/3.26143638=P
P=$6132.2674
