Use the compound interest formula.
Let A = the ending amount
Let P = the principal
Let r = the interest rate
Let n = the amount compounded a year
Let t = time
A = P(1 + r/n) ^(n/t)
Substitute your numbers in
A = $7,000(1 + 0.06/4)^(4/7)
Solve for A
A = $7,059.81
Just multiply 37.7 by 4 and get your answer.
Answer:
A).Amount = $218250
B). Amount = $88700
Step-by-step explanation:
A) .$5000 in an account at age 23, and withdraw it 42 years
Number of years t= 42 years
Principal P = $5000
Rate r= 9%
Number of times compounded n= 42
A= p(1+r/n)^(nt)
A= 5000(1+0.09/42)^(42*42)
A= 5000(1+0.002143)^(1764)
A= 5000(1.002143)^1764
A= 5000(43.65)
A= 218250
Amount = $218250
B).waits 10 years before making the deposit, so that it stays in the account for only 32 years
Number of years t= 32 years
Principal P = $5000
Rate r= 9%
Number of times compounded n= 32
A= p(1+r/n)^(nt)
A= 5000(1+0.09/32)^(32*32)
A= A= 5000(1+0.0028125)^(1024)
A= 5000(1.0028125)^1024
A= 5000(17.74)
A= 88700
Amount = $88700
Answer:
Step-by-step explanation:
A. 40
B. 28
C. 44
D. 25
you have the ratio of natural:synthetic so;
3:4
3+4=7
357/7=51
3*51:4°51
153:204
therefore, it'd be 204 litres of synthetic oil!!
i hope this helps you!!
