Answer:
Last Option
Step-by-step explanation:
Last one because the dot on top of the 4 is filled in and that means it can also equal 4. The rest of the line is going to the right of the 4 so x will be more than 4. The little line below the more than sign means it can also equal 4. Hope this helped :)
Answer:
yep it is b
Step-by-step explanation:
Answer: $15385 should be deposited.
Step-by-step explanation:
The principal was compounded monthly. This means that it was compounded 12 times in a year. So
n = 12
The rate at which the principal was compounded is 7.8%. So
r = 7.8/100 = 0.078
It was compounded for 4 years. Therefore,
t = 4
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. The total amount is given as $21000. Therefore
21000 = P (1+0.078/12)^12×4
21000 = P (1+0.078/12)^48
21000 = P (1+0.0065)^48
21000 = P (1.0065)^48
P = 21000/1.365
P = $15385
