Answer:
$ 8,695.35
Step-by-step explanation:
This is a compound interest question
Amount after t years = A = P(1 + r/n)^nt
Where P = Initial Amount saved
r = interest rate
t = time in years
n = compounding frequency
A = 10,000
r = 3.5 %
t = 21 - 17 = 4 years
n = Compounded monthly = 12
Step 1
Converting R percent to r a decimal
r = R/100 = 3.5%/100 = 0.035 per year.
P = A / (1 + r/n)^nt
Solving our equation:
P = 10000 / ( 1 + (0.035/12)^12 ×4 =
P = $8,695.35
The principal investment required to get a total amount, principal plus interest, of $10,000.00 from interest compounded monthly at a rate of 3.5% per year for 4 years is $8,695.35.
Answer:
50
Step-by-step explanation:
lxb=144
16xb=144
b=9
perimeter=2(l+b)
=2(16+9)
=50 cm
Answer:
there is 8 quadrilateral shapes
Answer:
The final price of the textbook rounded to the nearest dollar is $167
Step-by-step explanation:
To solve this problem, we need to find out what 13.5% of $147 equals.
13.5% = 0.135
0.135 x $147 = $19.845
$147 + 19.845 = 166.845
Round to the nearest dollar to get $167