Anya's parents will have $44,440.71 after 6 years if they invested in a bank.
The interest rate given is an annual rate yet will be compounded quarterly. You therefore need to convert the interest rate to a quarterly rate.
= 4% / 4 quarters
= 1% per quarter
Number of periods:
= Number of years x Number of quarters in year
= 6 x 4
= 24 quarters
The amount they will have in their account is:
<em>= Amount x ( 1 + rate) ^ number of periods </em>
= 35,000 x ( 1 + 1%)²⁴
= $44,440.71
In conclusion, they will have $44,440.71 if they invested their money in a bank for 6 years.
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Answer:
m=1
Step-by-step explanation:
add 6 to both sides, 9=9m
divide 9 on both sides, m=1
consider first number is = x
formula,
(n / 2)(first number + last number) = sum,
7/2(x+x+6)= 945
2x+6= 945×2/7
2x+6 = 270
2x= 270-6
x=264/2= 132
Answer the smallest number is 132.
Answer:
0.8
Step-by-step explanation:
It's right.
