Answer:
$172,984.44
Step-by-step explanation:
We can use the formula
to compute the final amount
Here P is the principal amount, the original deposit = $25,000
r is the annual interest rate = 6.5% = 0.065 in decimal
n is the number of times the compounding takes place. Here it is quarterly so it is 4 times a year
t is the number of time periods ie 30 years
A is the accrued amount ie principal + interest
Computing different components,
Therefore
Answer:
56 coins for 0.50 cents
Step-by-step explanation:
Answer:
first, u need to know the formula for compound interest, which is:
where A is the final amount
P- initial amount
r- percent compounded(interest)
and
n- number of years
so
we have
3.8/100 = 0.038
1+0.038 =1.038
1.038^4 = 1.160885573136
475 * 1.160885573136 = 551.4206472396
approximately $551.42
Answer:
(8,3)
Step-by-step explanation:
Point c is seven units away from the line x = 1
So we move seven units to the right of the line x = 1
the x value = 8
y value = 3
Coordinates = (8,3)
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-Chetan K
Answer:
6.7
Step-by-step explanation:
60$-37.45=22.55
22.55/3.35=6.731
Which rounds to 6.7
