Use the formula A=p(1+r)^n
where
A= value of investment
r= rate
n= time period
p= amount invested
in this question
r= 5.75% but compounded quarterly means divide this by 4
r= 23/1600
n=7*4
n=28
p= $1200
A=1200(1+23/1600)^28
A= $1789.54
Therefore the value of her investment in 7 years is $1789.54
Answer:
3m+3p
Step-by-step explanation:
Sum of m and p is expressed as;
m + p (sum means addition)
If 3 is multiplied by the sum, this is expressed as;
3(m+p)
Expand
3m + 3p
Hence the required expression is 3m+3p
Answer:
i recience 10 dollars
Step-by-step explanation:
2/10 as a percent would be 20%.
