I think your answer is right.
Answer:
the final amount is = $280.51
Step-by-step explanation:
The standard formula for compound interest is given as;
A = P(1+r/n)^(nt) .....1
Given that;
Principal P = $200
Interest rate r = 7% = 0.07
Time t = 5 years
Final amount = A
Number of time compounded per year n = 1
Substituting the values;
A = 200(1+0.07/1)^(1×5)
A = 280.51
Therefore, the final amount is = $280.51
Answer: 5 and 4
Step-by-step explanation: 5+2=7 amount total per person. 65-30 equals amount able to spend on people. 35÷7=5 being the largest amount possible.
Answer:
3/4-7/9+2/3=0.63
Step-by-step explanation:
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