Answer:
$ 8,695.35
Step-by-step explanation:
This is a compound interest question
Amount after t years = A = P(1 + r/n)^nt
Where P = Initial Amount saved
r = interest rate
t = time in years
n = compounding frequency
A = 10,000
r = 3.5 %
t = 21 - 17 = 4 years
n = Compounded monthly = 12
Step 1
Converting R percent to r a decimal
r = R/100 = 3.5%/100 = 0.035 per year.
P = A / (1 + r/n)^nt
Solving our equation:
P = 10000 / ( 1 + (0.035/12)^12 ×4 =
P = $8,695.35
The principal investment required to get a total amount, principal plus interest, of $10,000.00 from interest compounded monthly at a rate of 3.5% per year for 4 years is $8,695.35.
Answer:
150(10s + h)
Step-by-step explanation:
We need to write an expression for the total items they shipped.
Let each skateboard be s.
Let each helmets be h.
The factory ships 100 boxes with 15 skateboards in each box. That is:
100 * (15 * s) = 1500s
The factory ships 10 boxes with 15 helmets in each box. That is:
10 * (15 * h) = 150h
The total number of items shipped is therefore:
1500s + 150h = 150(10s + h)
This expression represents the total number of items shipped.
The same thing to the other side
The answer to that question is 1
