Answer3.2837377392:
Step-by-step explanation:
Answer:
$962.82 will be in John's account after 8 years if compounded semiannually.
Step-by-step explanation:
The formula used to find the amount after 8 years is:
A = P(1+ r/n)^nt
Where A = future value
P= principal value
r = interest rate ( in decimals)
n = no of times interest is compounded
t = time
Putting the values:
P = $600
r = 6% = 0.06
n = 2
t = 8
A= 600 *(1+0.06/2) ^2(8)
A= 600 *(1.03) ^16
A =600*1.605
A = 962.82
So, $962.82 will be in John's account after 8 years if compounded semiannually.
Answer:
23200
Step-by-step explanation:
42 percent of 40000 is 16800
40000-16800=23200
please give me brainliest!!!<3
Answer:
your answer is $15.45 because all you have to do is subtract 7.00 from 68.75 and then divide by 4
