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Mr. Burn's class is taking a field trip to the planetarium. The trip will cost $27 for each
2 answers:
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After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:
where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:
So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
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Answer:
Therefore the value of 'y' is,
Step-by-step explanation:
Given:
To Find:
y= ?
Solution:
........Given
Step 1. Adding 50 to both the side we get
Step 2. Dividing by 10 on both the side we get
Therefore the value of 'y' is,