9514 1404 393
Answer:
$12,720
Step-by-step explanation:
The amount is given by the formula ...
A = P(1 +rt)
where P is the principal, invested at rate r for t years.
A = $12,000(1 +0.06·1) = $12,720
The total amount after 1 year is $12,720.
165
7.5 and 5.5 goes to 15x11, and that's your answer. 165.
Answer:
2.3%
Step-by-step explanation:
18000 = 15000( 1 + i)^8
Divide both sides by 15000
1.2 = (1 + i)^8
Take both sides to the 1/8 power
1.2^(1/8) = 1 + i
1.023051875220463 = 1 + i
Subtract 1 from both sides
i = 0.023051875220463
~ 2.3%
