Answer: $100,879.39
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 18000
r = 9% = 9/100 = 0.09
n = 1 because it was compounded once in a year.
t = 20 years
Therefore,
A = 18000(1+0.09/1)^1 × 20
A = 18000(1.09)^20
A = $100,879.39
4 a. 2/5 (I picked a random number that fits in the blank)
b. √40
i hope this helps :)
28/24 as an improper fraction or 1 4/24 as a proper fraction
Answer:
6 people build fences in 3 days
1 person would take 6*3=18 days
Thus 10 people would take 18/10 days
i.e 1.8 days
1 day 3 hours
Note- not taking the number of fences in the calculation as it is same in both the case
Step-by-step explanation:
