Answer:
11984.18 dollars
Step-by-step explanation:
Given that an amount of 5700 dollars is invested at 11.2% p.a. for seven years compounded.
We have compound interest formula for Principal P for n years at r% compounded annually is
Final amount =
Final amount for 5700 dollars at 11.2% p.a. for 7 years would be
11984.18 dollars.
Answer is 11984.18 dollars
Answer:
<em>The app's estimate was 38.4 minutes.</em>
Step-by-step explanation:
Suppose, the app's estimated time was minutes.
Given that, it took 48 minutes to drive downtown. So, <u>the error in estimated time by the app</u> minutes.
It is also given that the error was 20%. So, <u>the amount of error</u> minutes.
Thus, the equation will be......
So, the app's estimate was 38.4 minutes.