Answer:
If the time passed is only 3 months, then it is $2040
Step-by-step explanation:
We can use the quarterly compounded interest equation for this problem: P(1 + r/n)^nt
Step 1: Find out how much 3 months is in a year
<em>In this case, 3/12 which is 1/4</em>
Step 2: Plug in known variables into equation
2000[1 + (0.08)/4)]^[(4)(1/4)]
Step 3: Solve/Plug in calc
You will get $2040
If the time passed in the problem is 1 year, then we can be able to solve how much money he earned per quarter. However, since only 3 months have elapsed, then he has only earned $2040.
Answer:
88 dollars
The equation would be:
prt=i
(1)(.08)(1100)=88
Hope this helps! ☺
Step-by-step explanation:
Answer:
17.95 :)
Step-by-step explanation:
25-78.85= 53.85, and 53.85/3= 17.95 so each pair of shorts costed 17.95
