Answer:
Current deposit amount = $324.65 (Approx.)
Step-by-step explanation:
Given:
Cost of bicycle = $400
Future amount = $400
Rate of interest = 11% = 0.11
Number of year = 2 year
Find:
Current deposit amount
Computation:
Compound interest formula
A = P[1+r]ⁿ
Future amount = Current deposit[1+Rate of interest]ⁿ
400 = Current deposit[1+0.11]²
400 = Current deposit[1.11]²
400 = Current deposit[1.2321]
Current deposit amount = 400 /1.2321
Current deposit amount = $324.65 (Approx.)
9m = 4.5
divide by 9 for 9m and 4.5
9m/9= 4.5/9
m= 0.5
3v= -105
divide by 3 for 3v and -105
3v/3=- 105/3
v= -35
17m = 85
divide by 17 for 17m and 85
17m/17= 85/17
m= 5
Answers: 0.5,-35 and 5
The equivalent fraction to 8 1/3 is 25/3
Answer:
$ 5,000
Step-by-step explanation:
si = (prt) / 100
p = $4000 r = 5% t = 5 years
si = (4000 x 5 x 5) / 100
= 1000
amount = principal + interest
= 4,000 + 1,000
= $ 5,000
