I = PRT
P (principal) = 6000
R (rate) = 3.7%.....u need decimal form = 0.037
T (time) = 5
I = (6000)(0.037)(5)
I = 1110.00 <===
u dont need years as a decimal...u need rate as a decimal
Answer:
B. $136,960.54
Step-by-step explanation:
Rate = r = 4%
Times = b = 4
Future Value = A = $315,930
No. pf Years = n = 21
Present Value = P = ?
A = P [1 + (r / b)]ⁿᵇ
$315,930 = P [1 + (0.04 / 4]²¹ ˣ ⁴
$315,930 = P [1 + 0.01]⁸⁴
$315,930 = P [1.01]⁸⁴
$315,930 = P x 2.306723
P = $315,930 / 2.306723
P = $136,960.54
Answer:
so first u do (4-2) which is 2
then minus 18 from 2 which is 16
then u multiply by 2 which is 32
therefore the answer is 32