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sdas [7]
3 years ago
5

Which of the following approximates the ratio of 6 to 198? Select all that apply. 3 out of 10 3 × 10−2 3 out of 1,000 3 × 102 3

out of 100 0.3
Mathematics
1 answer:
Jobisdone [24]3 years ago
5 0

this is approximately 6 to 200

divide both by 2

3 to 100

3 to 10^2

3 out of 100

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Answer:

FV= 3200(1+\frac{0.026}{3})^{3(6)}=3200 (1.008667)^{54}= 50994.590

Step-by-step explanation:

For this case we can use the formula for the future value with compound interest given by:

FV= P (1+\frac{r}{n})^{nt}   (1)

For this case since the interest is compounded quarterly we have 3 periods each year, since we have 3 quarters in a year.

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If we apply the formula (1) we got:

FV= 3200(1+\frac{0.026}{3})^{3(6)}=3200 (1.008667)^{54}= 50994.590

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