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nirvana33 [79]
3 years ago
14

Mrs Bean bought a business at the start of 2006

Mathematics
2 answers:
Luden [163]3 years ago
4 0

A = P(1+\frac{r}{n} )^{nt} \\P = 30000\\r = .02\\n = 1 time a year\\t = 2018 - 2006\\\\A = 30000(1 + .02/1)^{1*12} \\A = \$ 38047.25\\----------------\\Solve for 'r'\\95000 = 8000(1 + r/1)^{1*5} \\95000 = 8000(1+r)^{5} \\11.875 = (1 + r)^{5}\\1.64031 = 1+r\\

I see I did something wrong in the 2nd part, just take the first question as the right one.

Basile [38]3 years ago
3 0

Answer:

a)38000

b)3.5%

Step-by-step explanation:


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17/3

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3 0
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Read 2 more answers
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dexar [7]
We have 
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