Answer:
Part A)
Part B) 
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
S is the Future Value
P is the Present Value
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
Part A)
in this problem we have
Part B) How much money will Marcus have in the account in 7 years?
we have
substitute in the formula above
A is correct :)
Hope this helps!
It’s c because I got it right on the test
<h3>
Answer: 4 dollars and 17 cents</h3><h3>This is the same as saying $4.17</h3>
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Explanation:
15+35.50 = 50.50 dollars is the total before tax is applied.
Take 8.25% of this to get
0.0825*50.50 = 4.16625
and this rounds to 4.17, which is the amount of sales tax charged.
$4.17 = 4 dollars + 17 cents
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Extra info:
The grand total will be 50.50+4.17 = 54.67
Another way to get the grand total is to multiply 1.0825 by the previous subtotal (50.50) getting 50.50*1.0825 = 54.66625 and that rounds to 54.67
The multiplier 1.0825 effectively means "increase by 8.25%"
Answer:
Ella has the greatest return in the current year.
Step-by-step explanation:
Debby would receive $0.80 for each of her 2000 common stock in the oil company,hence Debby's return on investment in the current year is $1600($0.80*2000)
Besides,Ella's return on the stock investment in the current year is computed thus:
Ella's return= 5%*1000*$50=$2,500
In addition,Unique's dollar return on the investment is computed as follows:
Unique's return on investment=4%*2000*$20=$1,600
From the above computations,Ella seems to have the highest return in the current year of $2,500 whereas the two others managed to have $1600 return each
