Answer:
$8950.37
Step-by-step explanation:
Use the compound amount formula A = P(1 + r/n)^(nt), in which P is the initial amount of money (the principal), r is the interest rate as a decimal fraction, n is the number of times per year that interest is compounded, and t is the number of years.
Here we have A = $11,000, n = 2, r = 0.07 and t = 3, and so:
$11,000 = P(1 + 0.07/2)^(2*3), or
$11,000 = P (1.035)^6
$11,000 $11,000
Solving for P, we get P = ---------------- = ------------- = $8950.37
1.035^6 1.229
Depositing $8950.37 with terms as follows will result in an accumulation of $11,000 after 3 years.
No it’s not because they don’t go into the same multiples
Answer:
150
Step-by-step explanation:
Multiply 3 x 5 x 10
1.750
3.516540
4.354.2
5.3560
6.4.73
7.1277.2
8.4544
9.813000
10.0.02532
11.3160000
12.0.00335
13.26310
14. 918.7
15. 9320
16.8.42
17.45160000
18.0.005435
19.2450
20.656.9
Hope this helps!
