What value does the 5 have in 893.75
2 answers:
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Answer:
15,000$
Step-by-step explanation:
According to the information given, profits are divided equally into 4 parts
Since the total profit for the first month is 100,000$ each party will receive a sum of 25,000$. This means that Y also receives the same amount
Now if the profits were divided in proportion to the investments made we first find the proportion on investment made by Y.
The total investment made is 6000$ + 2000$ + 8000$ + 4000$ = 20,000$. Out of this, the amount invested by Y is 8000$
finding the proportional profit of Y
=40,000$
So Y receives 40,000 - 25,000 = 15,000 less
This is what I got I dont know if It should be an equation but that's all i can get to, gl
Answer:
Step-by-step explanation:
The formula for this equation is
a is the final result
p is the starting amount (deposited)
r is the interest rate
n is the number of times it's compounded
t is the time
because it says compound annually and it's after 2 years both t and n equal 2. I rounded a for you, but if you don't need it rounded here it is: 3863.345117
Please double check me I may be wrong, this is my second time doing these type of questions