You can use the compound growth to work this out,
Firstly you need to make a multiplier for -6%;
1-(6/100) = 0.94
The you times the amount of money by 0.94 to the power of 4 because you are working out 4 years:
230000*0.94^4 = 179527.26
The answer is $179527.26,
Hope this helps! :)
Steve will earn $160 interest after four years ⇒ 1st answer
Step-by-step explanation:
The formula of the simple interest is I = Prt, where
- P is the initial deposit
- r is the annual rate in decimal
- t is the time of investment
∵ Steve opens a bank account with a simple annual interest rate of 5%
∴ r = 5% = 5 ÷ 100 = 0.05
∵ His initial deposit is $800
∵ He will put the money for four years
∴ t = 4
- Substitute all these values in the formula above
∵ I = 800(0.05)(4)
∴ I = 160
Steve will earn $160 interest after four years
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Answer:
(11 hrs + 16 hrs)/2 = 13.5 hrs
13.5 hrs /2 = 6.75 hrs
The answer is
3 divided by 2
Hope this helped
Answer:
21 cent per card
Step-by-step explanation:
5.25 / 25 = .21
because 25 can be divided into the first 2 numbers
