I think that it is b sorry if I’m wrong
Answer: The amount is $14794.39 and the interest is $9794.39
Step-by-step explanation: If you deposit <em><u>$5000</u></em><u> </u>into an account paying <em><u>7.5%</u></em> annual interest compounded yearly , how much money will be in the account after <em><u>15 years</u></em>?
To find amount we use formula:
A-P(1+r/n) n*t
A = total amount
P = principal or amount of money deposited,
r = annual interest rate
n = number of times compounded per year
t = time in years
P=$5000, r=7.5, n=1 and, t=15 years
After plugging the given information we have
A= $5000 (1+0.075/1)^1.15
A= 5000 *1.075^15
A=14794.39
To find interest we use formula A=P+I'
since A= 14794.39 and P=5000
we have: A=P+I 14794.39=5000+I
I= 14794.39 -5000
I=9794.39
Answer:
1 whole
Step-by-step explanation:
Answer:
6 shirts
Step-by-step explanation:
The cost of a shirt and 2 ties is ...
$18.50 +2(7.50) = $33.50
For $205, Frank can buy $205/$33.50 = 6.12 sets of shirt and ties.
Frank can buy 6 shirts (and 12 ties) for an amount less than $205.
_____
<em>Additional comment</em>
Frank's cost will be $201 for that purchase.
Answer:
The last option
Step-by-step explanation:
