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3 years ago

Find the future value of $3000 invested at 6% p.a interest compounded half-yearly for 4 years

Mathematics

1 answer:

alekssr [168]3 years ago

6 0

Answer:

F=$3810

Step-by-step explanation:

$F=P(1+i)^{n}$

F= future value

P= present value

i = interest

n= number of times money compounded

P=$3000 i=6% n = 2 X 4= 8

As this is semiannual so 6%/2=3%

$F=P(1+0.03)^{8}$

$F=3000(1.03)^{8}$

$F=3000(1.267)$

$F=3810$

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Answer:

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Step-by-step explanation:

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3 years ago

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andrezito [222]

Answer:

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Step-by-step explanation:

Given:

Alexandra finds that she can give 3 haircuts and 2 hair dyes in 315 minutes. Giving 2 haircuts and 4 hair dyes takes 450 minutes.

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