Firstly, solve the effective annual interest (ieff) with the equation,
ieff = (1 + i/m)^m -1
where i is the interest rate and m is the number of times the interest is compounded in a year. In this problem, m is 12
Substituting the values,
ieff = (1 + 0.034/12)^12 - 1 =0.03453
To solve for the future (F) amount of the present investment (P),
F = P x (1 + ieff)^n
where n is number of years.
F = ($742) x (1 + 0.03453)^15
Thus, the answer is $1234.76.
What is 8% of 24.52= 1.9616
just round up
Answer:
cos 23 = x/7.8
Step-by-step explanation:
We need to divide the number of inches by the number of hours.
Let's first convert the two numbers into fractions.
12 1/2 = 25/2
25 1/2 = 51/2
(25/2) / (51/2) = 25/2 * 2/51 = 50/102 = 25/51 = 0.49
The average rainfall was approximately 0.5 inches per hour.