Answer:
$14,277.80
Step-by-step explanation:
The standard formula for compound interest is given as;
A = P(1+r/n)^(nt) .....1
Where;
A = final amount/value
P = initial amount/value (principal)
r = rate yearly
n = number of times compounded yearly.
t = time of investment in years
For this case;
P = $7,400
t = 8 years
n = 4 (quarterly)
r = 9.5% = 0.095
Using equation 1.
A = $7,400(1+0.095/4)^(4×7)
A = $7,400(1.02375)^(28)
A = $7,400(1.929432606035)
A = $14,277.80
final amount/value after 8 years A =$14,277.80
Answer: 108
Step-by-step explanation: 60% of 180 is 108
Answer:
Word problem 3
Step-by-step explanation:
Word Problem one is a subtraction problem since Felicia is giving away two marbles to Lucas. Word Problem two is a division problem since Felicia is evenly dividing the number of marbles she has into two bags. Word Problem three is a multiplication problem because Ryan has two times as many marbles that Felicia does. Word Problem four is an addition problem because she found two more marbles while she already has eight marbles. Keywords for subtraction word problems are: fewer than, decrease, take away, less than, minus, difference, change, lost reduced, and subtract. Keywords for division word problems are: As much, cut up, groups, equally, sharing, half, how many in each, parts, per percent, quotient, ratio, and separated. Keywords for multiplication word problems are: double, every, factor, increased, multiplied product, times, and tripled.
Answer: 2/9
Step-by-step explanation:
Simplify the expression.
The number a bond is the percentage of the value of the bond that the bond is worth. Because the bond is quoted at 93, the bond is worth $930 per $1,000.
