You need a compound interest formula solved for principal:
Principal = Total ÷ (1 + Rate)<span> ^ years
</span><span>
Principal = 40,000,/ (1.056) ^ 4
</span><span><span><span>Principal = 40,000 / 1.2435282985
</span>
</span>
</span>
Principal =
<span>
<span>
<span>
32,166.54
</span>
</span>
</span>
So, 32,166.54 deposited for 4 years at 5.6% interest (compounded annually) produces $40,000.
Source:
http://www.1728.org/compint2.htm
Answer:
$84.75
Step-by-step explanation:
Given that she earns $9.75 per hour plus 10% of the parking fees that are collected, her income is of 2 folds; an hourly rate and an amount collected based rate.
If the shift is for 5 hours, her income based on
Hourly rate = 5 * $9.75
= $48.75
The amount collected based rate
= 10% * $360
= 10/100 * $360
= $36
Her total earnings will be
= $48.75 + $36
= $84.75
The answer that is NOT the formula for an area of a rectangle is A= 1/2X h X (Base 1 + Base 2)
The answer is <span>The </span>root<span> of a number x is another number, which when multiplied by itself a given number of times, equals x. For example the second </span>root<span> of 9 is 3, because 3x3 = 9. The second </span>root<span> is usually called the square </span>root<span>. The third </span>root<span> is susually called the cube </span>root<span> See </span>Root<span> (of a number). because then/</span>
Answer:
nonlinear
Step-by-step explanation:
i took the test