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statuscvo [17]
3 years ago
5

1.Use the simple interest formula to find the ending balance.

Mathematics
2 answers:
labwork [276]3 years ago
8 0
General formula to be used: F=P(1+i)^n
F = future worth; P = present worth, i = annual interest, n = years

1.) F=5000(1+0.05)^{3.5}
    F = <span>$5931.06
</span>
2.) 3000+262.50=3000(1+i)^{3.5}
     i = 2.43%

3.) 1300+299=1300(1+0.0575)^{n}
     n = 3.7 = 4 years

4.) F=315(1+0.015)^{3}
     F = $329.39

5.) P+5=P(1+0.0125)^{1212}
     P = $1.45
     *I doubt the 1212 years. I think that is a typo error. Nevertheless, just           substitute the correct number of years to determine P :)
liq [111]3 years ago
3 0
The answer of 1 is 5875.00 I took the quiz already
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