We can use the compound interest formula
F=P(1+i)^n
where
F=Future value of investment to be found
P=present value of investment ($1000)
i=interest per period (1/4 year)=0.04/4=0.01
n=number of periods (3 years * 4 quarters = 12)
Substitute or "Plug in" values, so to speak,
F=1000*(1+0.01)^12
use a calculator to do the sum
=1126.83 (to the nearest cent, and use the proper rounding rules)
Answer:
x = 26
Step-by-step explanation:
because JKL is 90 degrees
x+8 + 2x+4 =90
3x + 12 =90
3x = 78
x = 26
Answer:
25%
Step-by-step explanation:
Given parameters:
Amount earned by Jessica per month = 800
Total savings target per year = 2400
Unknown:
Percentage of savings = ?
Solution:
The total earning per year will be the amount earned per month multiplied by the total number months;
Amount earned in a year = 12 x 800 = 9600
Let the percentage of savings per year = y%
Now;
2400 = x 9600
y = 25%
Answer:
y= 3/5x
Step-by-step explanation: