The enrollment at a university increased from 8000 students in 2001 to 12,000 students in 2002. what is the percent increase in
2 answers:
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Answer:
The Amount after 18 years is $66,942,391.5
Step-by-step explanation:
Given as :
The principal invested in saving bond = p = $150
The Time period for the bond = t = 18 years
The rate of interest applied on bond = 106%
Let The Amount after 18 years = $A
<u>Now, From compound interest</u>
Amount = Principal ×
Or, A = p ×
Or, A = $150 ×
Or, A = $150 ×
Or, A = $150 × 446,282.61
∴ A = $66,942,391.5
So,The Amount after 18 years = A = $66,942,391.5
Hence,The Amount after 18 years is $66,942,391.5 Answer