Let S = Sum after 13 years
So = amount invested
t = time in years
i = annual interest rate = .0325
The S = So(1+i)t = $2,200(1.0325)13 = $3,334.21
Answer:
The first partner will receive $52950, the second partner will receive $35300, the third partner will receive $88250.
Step-by-step explanation:
The profits in the business are to be shared by the three partners in the ratio of 3 to 2 to 5, in that order.
That is:
3 : 2 : 5
The profit for the year was $176,500.
To find the number of dollars that each partner, we have to first find the total ratio and then divide each of the ratios by the total ratio and multiply by the profit.
The total ratio is:
3 + 2 + 5 = 10
The first partner will receive 3/10 of the profits:
= $52950
The second partner will receive 2/10 of the profits:
= $35300
The third partner will receive 5/10 of the profits:
= $88250
The first partner will receive $52950, the second partner will receive $35300, the third partner will receive $88250.
The answer is C.
TUWV ~ DEFG; 6:4.5
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Since there are 120 payment and the total interest paid was
$ 14,644.95. so the average monthly interest can be calculated by:
Average monthly interest = $ 14,644.95 / 120
Average monthly interest = $ 122.04
% total interest = ($ 14,644.95) / $ 39,644.95 x 100
% total interest =36.94 %
So basically you're dividing 12 by 3 times x which is 12 over 3x. 12/3x