64*3= 192 I multiplied that because the car traveled for 3 hours at the speed of 64 miles.
64-15= 49 I subtracted 15 out of 64 because the car only traveled 45 minutes after the three hours.
=241 final answer
Answer:
$3,153.32
Step-by-step explanation:
Given that
The deposited amount is $3,000
The annual interest rate is 1.25%
So, the semi-annual interest rate is 1.25% ÷2 = 0.625%
And, the time period = 4 × 2 = 8
We need to find out the final balance
So,
As we know that
Future value = Present value × (1 + rate of interest)^number of years
= $3,000 × (1 + 0.625%)^8
= $3,153.32