3²×2^4 ×3³×2=
3^5×2^5=
243 × 32 = 7776
They already spent $2000, and they only had $5100
Subtract
5100 - 2000 = 3100
$3,050 is your answer, because it is the only one that is less than 3100
hope this helps
Answer:
5.65%
Step-by-step explanation:
Principal=$600
Time=20 years
FV=600*3=$1800
n=1
r=?
r= n[(A/P)^1/nt - 1]
=1{(1800/600)^ 1/1*20 - 1}
={(3)^1/20-1}
=3^0.05-1
=1.0565-1
=0.0565
rate=0.0565*100
=5.65% to the nearest hundredth percent
Answer:
1260.04
Step-by-step explanation:
The formula for compound interest is:
A = P(1+
where A is the final amount, P is the initial principal balance, r is the interest rate, n is the number of times interest applied per time period and t is the number of time periods elapsed. Since the deposit was compounded annually, just like the interest, we can omit the n in the equation.
Applying the formula to question:
800(1+
= 1260.04 (rounded off to nearest cent since it's money)
