Answer:
$8950.37
Step-by-step explanation:
Use the compound amount formula A = P(1 + r/n)^(nt), in which P is the initial amount of money (the principal), r is the interest rate as a decimal fraction, n is the number of times per year that interest is compounded, and t is the number of years.
Here we have A = $11,000, n = 2, r = 0.07 and t = 3, and so:
$11,000 = P(1 + 0.07/2)^(2*3), or
$11,000 = P (1.035)^6
$11,000 $11,000
Solving for P, we get P = ---------------- = ------------- = $8950.37
1.035^6 1.229
Depositing $8950.37 with terms as follows will result in an accumulation of $11,000 after 3 years.
Answer:
Step-by-step explanation:
Equivalent fractions for 1/4
From this chart, we can observe that the equivalent fractions of 1/4 are: 2/8, 3/12, 4/16,... Two fractions are said to be equivalent if their values (decimal/graphical) are the same. We usually multiply the numerator and denominator of a fraction by the same number to get its equivalent fraction.
Answer:
yes
Step-by-step explanation:
Substitute x = 2 and y = 5 into the left side of the equations and if equal to the right side then they are a solution.
x + 2y = 2 + 2(5) = 2 + 10 = 12 ← True
3x + 6y = 3(2) + 6(5) = 6 + 30 = 36 ← True
Thus x = 2, y = 5 is a solution to both equations
