The value of the investment in 5 years is $5805.9
<h3>What is Interest ?</h3>
Interest is the amount earned over years for the amount invested.
It is given that
Principal = $5000
Rate = 3%
Compounded Quarterly
Time = 5 years
Amount = ?
The Amount is given by the formula
Amount = P( 1 + (r/n))ⁿˣ
Here n = t = time period for which the investment has been done.
Amount = 5000( 1+(3/4 * 100)⁴ˣ⁵
Amount = 5000 (1.16)
Amount = $ 5805.9
Therefore , The value of the investment in 5 years is $5805.9
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Answer:
A 50% increase followed by a 33/1/3% decrease. = ? (1 + 0.5)*(1 - 0.3333333) = 1.5 * 0.666667 = 1. Result is same as original.
Answer:
There are 364 ways of filling the offices.
Step-by-step explanation:
In this case, the order of filling of the offices does not matter, so, we can figure out the different ways of filling the offices by using the combination formula:
where n=14 (number of members)
r=3 number of offices
n!=n·(n-1)·(n-2)·...·3·2·1
The answer is the bottom left one :D
