Answer:
$ 8,695.35
Step-by-step explanation:
This is a compound interest question
Amount after t years = A = P(1 + r/n)^nt
Where P = Initial Amount saved
r = interest rate
t = time in years
n = compounding frequency
A = 10,000
r = 3.5 %
t = 21 - 17 = 4 years
n = Compounded monthly = 12
Step 1
Converting R percent to r a decimal
r = R/100 = 3.5%/100 = 0.035 per year.
P = A / (1 + r/n)^nt
Solving our equation:
P = 10000 / ( 1 + (0.035/12)^12 ×4 =
P = $8,695.35
The principal investment required to get a total amount, principal plus interest, of $10,000.00 from interest compounded monthly at a rate of 3.5% per year for 4 years is $8,695.35.
Answer:
D
Step-by-step explanation:
Since they are the same variables
Answer:
a
Step-by-step explanation:
The equation of a proportional relationship is
y = kx ← k is the constant of proportionality
Divide both sides by x
= k
To find k use any ordered pair from the table
Using (2, 
) , then
k = 
= 2 × 
= 
Step-by-step explanation:
Just post a pic of the page
Answer:
1.73
Step-by-step explanation:
Arelli use 6.9 pints of white and blue paints for her bedroom
3/4 of this amount is white
3/4
= 0.75×100
= 75
100-75
= 25
Amount of blue paint is
25/100×6.9
= 0.25×6.9
= 1.73
