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:
The price of the cereal boxes
Step-by-step explanation:
Answer:
0.25, 4/16, theres like a million more
Step-by-step explanation:
is that what youre looking for?
Answer:
3.75 of blue mixed with 12.5 of white is the correct answer
Step-by-step explanation:
We know the blue and white paints are a 1.5 : 5 ratio, and if we have a total of 16.25 by 1.5 by 5.
1.5 * 2.5 = 3.75
------------------------
5 * 2.5 = 12.5
SO blue is 3.75 and white is 12.5
Answer: n=11
Step-by-step explanation:
