Answer:
Use the formula for calculating compound interest PN=P0(1+rk)Nk where P0 is the unknown, PN=10,000, N=10, k=1, and r=0.015. Substitute the values into the formula and simplify.
10000=P(1+0.0151)1⋅10
10000=P(1.015)10
10000=P(1.16054...)
8616.67=P
Therefore, rounded to the nearest dollar, the initial investment needs to be $8617 to have $10,000 in 10 years.
Step-by-step explanation:
Answer:
-2
Step-by-step explanation:
If we have an equation of the form y = mx +b then the y-intercept is b.
So now here we have y =-x - 2. Therefore b = -2 and we conclude the y-intercept is -2.
Answer:
2/3, or 66.7%
Step-by-step explanation:
There are 2 options for the first digit (3 or 4).
After the first digit is selected, it cannot be repeated, so there are 2 options left for the second digit.
After the first two digits are selected, there is only 1 option for the third digit.
So there are 4 permutations greater than 300.
The total number of permutations is 3! = 6.
So the probability is 4/6 = 2/3.
Answer:
y=3x
Step-by-step explanation:
-6/-2=3, -3/-1=3, 3/1=3. 6/2=3
Okay! In order to find 8 groups of .32 you'd simply divide them. So:
[.32 ÷ 8] = .04
To check you multiply:
[8 x .04] = .32.
The answer is .04
