I believe the answer is 7
Answer:
$8950.37
Step-by-step explanation:
Use the compound amount formula A = P(1 + r/n)^(nt), in which P is the initial amount of money (the principal), r is the interest rate as a decimal fraction, n is the number of times per year that interest is compounded, and t is the number of years.
Here we have A = $11,000, n = 2, r = 0.07 and t = 3, and so:
$11,000 = P(1 + 0.07/2)^(2*3), or
$11,000 = P (1.035)^6
$11,000 $11,000
Solving for P, we get P = ---------------- = ------------- = $8950.37
1.035^6 1.229
Depositing $8950.37 with terms as follows will result in an accumulation of $11,000 after 3 years.
Answer:
question 2 is true
question 3 is false
Step-by-step explanation:
I multiplied $15 by 230% and then added my answer(which was 34.5) because subtracting it wasn't an option and got $49.50
Answer:
7/8 > 2/5
Step-by-step explanation:
7/8 is greater than 2/5.
