(100-15=85%)
85=101.15 how about 100
100 x 101.15 divided by 85=118.882353
$119
We are given the following information
Investment = $5200
Annual interest rate = 4.2% = 0.042
Final amount = $16,500
Number of years = 27.7 years
Number of compoudings = quartely = 4
The student uses the following model

The general formula for compound interest is given by

As you can see, the number of compoundings is incorrect (3 vs 4)
The interest rate is also incorrect.
Let us substitute the given values into the above formula

Therefore, the final amount is approximately $16,543.5
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It can give some balls more chance to be picked, making it unfair
Go on safari , && go to a circumference calculator , ion wanna explain rn .
Answer: 7
Step-by-step explanation: