Answer: The future value of the investment after 2 years is $807.8
Step-by-step explanation:
The formula for simple interest is expressed as
I = PRT/100
Where
P represents the principal or amount invested.
R represents interest rate
T represents time in years
I = interest after t years
From the information given
T = 2 years
P = $700
R = 7.7%
Therefore
I = (700 × 7.7 × 2)/100
I = 10780/100
I = 107.8
The total amount in the account after 2 years would be
700 + 107.8 = $807.8
the answer is D 6 8 10 is a scalene triangle
1. First I turned the fractions into decimals, just to make things easier for me.2. That gave me => (.25x)+(.75)+(.375)=(3.25)
3. Then, I combined like terms and move my equation around; so, that gave me (.25x) = (3.25) - (.75) - (.375) and when I solve the right side of the equation it gives me
(.25x) = (2.125)
4. After combining like terms and simplifying (the way I did in step 3), I will divide both sides by .25, to get the value of X alone; so, my equation then looks like => x=8.5
Answer:
0.18431525 = 18.4%
Step-by-step explanation:
General Formula :
total trials Cn⋅p(success)^n⋅p(fail)^total−n
1198144* (.0218)^3 * (1-.0218)^191