Answer:
7,850
I’m pretty sure that’s right, I just added 25,000 and 15,250 together then subtracted the answer from 32,400 and got 7,850
Answer:
I don't know for sure, but it might be 70%=5%(t)
Answer:
3.8 months
Step-by-step explanation:
Question: Anthony invested $36,000 in an account paying an interest rate of 5.3% compounded
quarterly. Assuming no deposits or withdrawals are made, how long would it take, to
the nearest year, for the value of the account to reach $51,800?
First step! What is 5.3% of 36k?
1,908
Second Step! Divide
51,800/1,908= 27.1488469602
Third Step! Round
27.1488469602= 27.1
27.1 weeks.
7 weeks in a month.
12 months in a year.
27.1/7= 3.8
3.8 months