Select the correct answer.
2 answers:
You might be interested in
The future amount is $3697.52, if a a single $2700 deposit in an account with an APR of 4.5% that compounds interest monthly and is invested for 7 years.
Step-by-step explanation:
The given is,
A single deposit amount - $ 2700
APR - 4.5%
( Compounded monthly )
Period - 7 years
Step:1
Formula to find future amount with an APR compounded monthly,
.......................(1)
Where, A - Future amount
P - Initial deposit
r - Interest rate
n - Number of compounding in a year
t - No.of years
From given,
P = $ 2700
r = 4.5%
n = 12 (∵ For monthly n becomes 12 )
t = 7 years
Equation (1) becomes,
A = $3697.52
Result:
The future amount is $3697.52, if a a single $2700 deposit in an account with an APR of 4.5% that compounds interest monthly and is invested for 7 years.
Answer:
The answer is ""
Step-by-step explanation:
Please find the graph file of the question in the attachment.
Its first step is the lightest and heaviest evil. is the lightest bag, and
is the heaviest bag. To remove it now, it is not permissible to remove it as a mixed fraction, therefore convert each fraction into an improper fraction by multiplying the whole integer to the numerator, then adding a numerator to this amount, multiplied by the numerator. Follow those steps to find out
is the wrong part.
The process is the same for
You now deduce the numerator but just not the negative, to deduct both. You subtract, as the question is raised far as is involved. The last stage is that this is transformed into blended families, dividing its count by the denominator, 6 divided by 4 is identical to 1.5. 1 is a full amount so you don't modify it, but you do need to change the 5 decimals to
and the last step is
to reduce.
