You need a compound interest formula solved for principal:
Principal = Total ÷ (1 + Rate)<span> ^ years
</span><span>
Principal = 40,000,/ (1.056) ^ 4
</span><span><span><span>Principal = 40,000 / 1.2435282985
</span>
</span>
</span>
Principal =
<span>
<span>
<span>
32,166.54
</span>
</span>
</span>
So, 32,166.54 deposited for 4 years at 5.6% interest (compounded annually) produces $40,000.
Source:
http://www.1728.org/compint2.htm
Answer:
B.2 cups
Step-by-step explanation:
Because 1/2+1/2+1/2+1/2=2 cups
The total amount is $ 780
<em><u>Solution:</u></em>
Let the total amount be "x"
Given that,
First person gets $ 268
Second person gets $ 200
Third person gets 40 %
This means, third person gets 40 % of total amount
Third person = 40 % of x
We know that, total amount is equal to sum of amount got by all three persons
Total amount = first person + second person + third perosn
Thus the total amount is $ 780
The commutative property pf addition is a+b=b+a
On line x = 0, every point is going to be (0,y).
On line y = 1/2, every point is going to be (x, 1/2).
Using this knowledge, the true solution is B. (0, 1/2)
