JACOB WALKS 70.4 FEET IN 0.2 HOUR. IF HE WALKS AT THE SAME RATE THE WHOLE TIME, WHAT IS HIS SPEED IN FEET PER HOUR?
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The answer is a. here’s a picture that hopefully helps explain the reasoning/work
Answer:
The principal must be = $8991.88
Step-by-step explanation:
Formula for compound interest is:
Where A is the amount after 't' years.
P is the principal amount
n is the number of times interest is compounded each year.
r is the rate of interest.
Here, we are given that:
Amount, A = $15000
Rate of interest = 13 % compounded quarterly i.e. 4 times every year
Number of times, interest is compounded each year, n = 4
Time, t = 4 years.
To find, Principal P = ?
Putting all the given values in the formula to find P.
So, <em>the principal must be = $8991.88</em>