Answer:
$4040.57
Step-by-step explanation:
A=P(1+(r/n))^nt
P = Principal = 3000
r = rate = 0.03
n = no. times payed each year = 2
t = years = 10
A = 3000(1 + (0.03/2))^(2x10)
A = 3000(1.015)^20
A = 4040.57 (2.d.p)
Hope this helped!
Answer:
$500 invested at 3%
$1300 invested at 6%
Step-by-step explanation:
Answer:
5 or 5/1
Step-by-step explanation:
did the math, this is the result. Not sure if it's right, correct me if I'm wrong
Answer:
13
Step-by-step explanation:
use pythagorean theorem
Answer:
$145.5
Step-by-step explanation:
Period, t = August 8.to November 8 = 3 months
Simple interest formula :
A = P(1 + rt)
A = final amount =. 7200
7200 = P(1 + (0.0825 * 3/12))
7200 = P(1 + 0.020625)
7200 = P(1.020625)
7200 = 1.020625P
P = 7200 / 1.020625
P = 7054.5009
Bank discount :
A - P
7200 - 7054.5009
= $145.4991
= $145.5