Someone help me with this question for 15 pts and a brainliest
1 answer:
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Answer:
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the total amount owed
P is the amount of money borrowed
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
The total amount of its donated funds is 43.
Given,
In the question:
A charity received a donation of 12.7 million.
If this represents 29% of the charity's donated funds.
To find the total amount of its donated funds.
Now, According to the question:
Based on the given conditions:
Received donation is = 12.7 million
Charity Funds = 29%
Formulate;
12.7 ÷ 29%
12.7/29%
= 12.7/0.29
Multiply both the numerator and denominator with the same integer
= 1270/29
= 43
Hence, The total amount of its donated funds is 43.
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