P = principal (initial amount), r = rate of interest, and t = time
So, A = 3000(1+0.025)^4
Answer: $3,311.44 (approximately)
Answer:
45/1
Step-by-step explanation:
90/2=45/1
45*2=90
The answer is B. 55 degress
The future value of cash whose initial value is $845, at the rate of 11.3% for 7 years will be calculated using the compound interest rate, that is:
A=p(1+r/100)^n
where:
A=future amount
r=rate=11.3%=0.113
time=7 years
thus the future value of our cash will be:
A=845(1+0.113)^7
A=845(1.113)^7
A=$1,787.82
Answer:
23052
Step-by-step explanation: