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Elenna [48]
3 years ago
7

$10,000 for 20 years at 5% compounded annually

Mathematics
1 answer:
saveliy_v [14]3 years ago
3 0

Answer:

$26532.98

Step-by-step explanation:

<u>Given:</u>

  • Principal = $10000
  • Profit rate = 5% PA compounded
  • Time = 20 years
  • Compounds = 20*1 = 20

<u>Sum is:</u>

  • 10000*(1 + 5/100)²⁰ ≈ 26532.98
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a sofa at Leon's and Pei was originally $1,899 the price was reduced by 35% for a quick sale but when it's still did not sell it
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Hey there!!

Let's take a closer look at the question,

We have the original price with included 15% tax

This original price is first reduced by 35% , first let's solve this.

35% = 35 / 100 = 0.35

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... $664.65 = 35% of of $1899.00

It would be sold for

... 1899 - 664.65

... $1234.35

Now, this price is further reduced by 20%

20% = 20/100 = 0.20

... 0.20 × 1234.35

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This is 20% of 1234.35

Now, the price it would be sold for =

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Hope my answer helps!!


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