I believe the answer is 57
Answer:
$104,710.29
Step-by-step explanation:
The amount is given by ...
A = Pe^(rt)
where P is the principal invested at annual rate r for t years. Filling in the numbers, we get ...
A = 30000e^(.05·25) = 30000e^1.25 ≈ 104,710.29
The balance will be about $104,710.29 on the child's 25th birthday.
Answer:
72.00$
Step-by-step explanation:
25% = .25
.25 × 96.00 = 24
96 - 24 = 72
20 students times 40% of them is 20 times 0.40, which is 8
499 divided by the sale price, 424.13
1.1765, or when rounded, 1.18%
1. 8 students
2. 1.18%