Answer:
350
Step-by-step explanation:
Introduction. Percent, p%
'Percent (%)' means 'out of one hundred':
p% = p 'out of one hundred',
p% is read p 'percent',
p% = p/100 = p ÷ 100
120% = 120/100 = 120 ÷ 100 = 1.2
100% = 100/100 = 100 ÷ 100 = 1
Percentage of 120% of what number = 420?
120% × ? = 420
? =
420 ÷ 120% =
420 ÷ (120 ÷ 100) =
(100 × 420) ÷ 120 =
42,000 ÷ 120 =
350
<h2>Proof</h2><h3>How do we check the result?</h3>
If 120% × 350 = 420 =>
Divide 420 by 350...
... And see if we get as a result: 120%
<h3>Note:</h3>
Multiply a number by the fraction 100/100,
... and its value doesn't change.
100/100 = 100 ÷ 100 = 1
n/100 = n%, any number.
<h2>Hope it is helpful....</h2>
Answer:
(a) The future value after 9 years is $7142.49.
(b) The effective rate is 
.
(c) The time to reach $13,000 is 21.88 years.
Step-by-step explanation:
The definition of Continuous Compounding is
If a deposit of 
dollars is invested at a rate of interest 
compounded continuously for 
years, the compound amount is
(a) From the information given
Applying the above formula we get that
The future value after 9 years is $7142.49.
(b) The effective rate is given by
Therefore,
(c) To find the time to reach $13,000, we must solve the equation
Answer:
1. 8 + 13 = 13 + 8.
2. 6 + ( 12 + 4) = 6 + ( 4 + 12).
Step-by-step explanation:
