Compound Interest =
where P - Principal
r - rate of interest
n - number of years
So, for 5 years, at 6% rate of interest, for the principal 12,000, the compount interest will be
= 24000
Amount = Principal + C.I.
= 12000 + 24000
= 36000
Hence, after 5 years, the amount will be $36,000 approximately.
Answer:
16 students got an A
Step-by-step explanation:
Set up an equation to compare the ratio to the scores:
Cross multiply:
80 = 5x
Divide each side by 5:
x = 16
Now, check if
16/8 = 2
40/8 = 5
The ratios are the same! Therefore, 16 students got an A!
Hope this helps! Feel free to contact me if you have any questions :)