The future value of the amount deposited will be given by:
FV=p(1+r/100n)^nt
where:
FV=future value
p=principle
r=rate
n=terms
t=time
thus substituting our values in the formula we get:
FV=4000(1+5.4/1200)^(6×12)
FV=$5,526.57
Answer: $5,526.57
Answer:
<em>-1,3,5,9,13</em>
Step-by-step explanation:
2(-3)+5=-6+5=-1
2(-1)+5=-2+5=3
2(0)+5=0+5=5
2(2)+5=4+5=9
2(4)+5=8+5=13
Answer: 1.4 °F
Step-by-step explanation:
So what I did was -1.7°F + 3.1°F and got 1.4 °F
So 1.4 °F is the answer.
Hope that helps! :}
Answer:
The total amount due after five years is $57,000.
Step-by-step explanation:
Recall that simple interest is given by the formula:

Where <em>A</em> is the final amount, <em>P</em> is the principal amount, <em>r</em> is the rate, and <em>t</em> is the time (in years).
Since we are investing a principal amount of $38,000 at a rate of 10.0% for five years, <em>P</em> = 38000, <em>r</em> = 0.1, and <em>t</em> = 5. Substitute:

Evaluate. Hence:

The total amount due after five years is $57,000.