Answer:
B. $5039.58
Step-by-step explanation:
compound interest formula: amount = p(1 + \frac{r}{n})^{nt}
p= principal ($2,300)
r= interest rate as a decimal (4% = 0.04)
n= number of times the principal is compounded per year (annually = onceper year so 1 time per year)
t= time in years (20 years)
new equation: amount = 2300(1+\frac{0.04}{1} )^{1*20}
That equation equals $2,739.58 which you add to the principal.
$2,739.58 + $2,300 = $5039.58
hope this helps :)
Answer:8.56
Step-by-step explanation:
The greatest commons factors are for 12 is 1,2,3,4,6,12 because 2 × 6 = 12, or 4 × 3 = 12, or 1 × 12 = 12 hope that help!
The formula is
A=p (1+rt)
A future value
P present value
R interest rate
T time in years
Rose investment
A=2,600×(1+0.041×9)
A=3,559.4
Dennis investment
A=2,200×(1+0.057×9)
A=3,328.6
So Rose investment is greater than Dennis investment by
3,559.4−3,328.6=230.8
Hope it helps!
There are 13 diamonds in a deck of cards, so the chances of drawing a diamond is 1/4
