Answer:
0.0094
Step-by-step explanation:
0.94%=0.0094
Use the formula A=p(1+r)^n
where
A= value of investment
r= rate
n= time period
p= amount invested
in this question
r= 5.75% but compounded quarterly means divide this by 4
r= 23/1600
n=7*4
n=28
p= $1200
A=1200(1+23/1600)^28
A= $1789.54
Therefore the value of her investment in 7 years is $1789.54
Answer:24
Step-by-step explanation: If she bought x amount of posters and had 12 left after, you'd multiply 12 by 2 and get 24. Half of 24 is 12. So Micaela bought 24 posters.
