Michael walks his black lab 6 2/3 miles every week. If he walks his dog every Monday, Wednesday, Friday, and Sunday. How many mi
1 answer:
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Answer:
B. 1 1/3
Step-by-step explanation:
three can go into 4 once, so we have a whole number of 1 and a leftover 1/3.
=
hope this helps :)
Answer:
17.5% per annum
Step-by-step explanation:
<u>Given:</u>
Money invested = $20,000 at the age of 20 years.
Money expected to be $500,000 at the age of 40.
Time = 40 - 20 = 20 years
<em>Interest is compounded annually.</em>
<u>To find:</u>
Rate of growth = ?
<u>Solution:</u>
First of all, let us have a look at the formula for compound interest.
Where A is the amount after T years compounding at a rate of R% per annum. P is the principal amount.
Here, We are given:
P = $20,000
A = $500,000
T = 20 years
R = ?
Putting all the values in the formula:
So, the correct answer is <em>17.5% </em>per annum and compounding annually.