Answer:
The man right there is wrong. It is Option 3 .......
........
Step-by-step explanation:
100 14/25 = 100.56
So B is the answer. :)
<span>
</span>
Answer:
the width would be 7.5
Step-by-step explanation:
Answer:
FV= $2,041.29
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $1,500
Number of periods (n)= 7 years
Interest rate (i)= 4.5% = 0.045
<u>To calculate the future value, we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 1,500*(1.045^7)
FV= $2,041.29
Answer:
The amount which will be in account after 6 years is $ 1120 .
Step-by-step explanation:
Given as :
The principal in the account = $740
The rate of interest = 6.7 % compounded monthly
The time period = 6 years
Let the Amount in the account after 6 years = A
<u>From compound interest method </u>
Amount = Principal × 
Or, A = $ 740 × 
Or, A = $ 740 ×
or, A = $ 740 × 1.5164 = $ 1122.136
Hence The amount which will be in account after 6 years is $ 1120 . Answer