The future amount of an investment with compound interest can be calculated through the equation,
F = P x (1 + ieff)^n
where F is the future amount, P is the current value of the money, ieff is the effective interest (rate per year), and n is the number of years.
From the equation, all are given except for the effective interest, i. Now, substituting the known values,
14,398.87 = (7,775) x (1 + ieff)^14
The value of ieff from the equation is 0.044999.
Since the value of the ieff when translated to percentage is equal to 4.5% as well, the interest rate is compounded yearly.
Answer:
50%
Explanation:
From the question we have here
If adults would pay 20$
Out of a 100% students:
60% would pay 15
40% would pay 10
If regular price = 20$
We are required to find discount
Discount = (20 - 10)/20 x 100
Discount = 0.5 x 100
Discount = 50%
The museum should offer 50percent discount.
You must be careful of any bikers who decide to take the sidewalks and of any cars that come close when you walk on the road
The largest capital market security outstanding in 2019 measured by market value was cooperate stocks.
<h3>What is
cooperate stocks?</h3>
Corporate stock, can as well be described as the equity security, which serves as the instrument that is been utilized by corporations in order to raise capital.
However to purchase stock in the company, the buyer is entitled to voting rights , hence The largest capital market security outstanding in 2019 measured by market value was cooperate stocks.
Learn more about cooperate stocks at:
brainly.com/question/25818989
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