Enter the numbers that goes in the boxes.
1 answer:
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Answer:
$14,644.63
Step-by-step explanation:
To solve this problem we can use the compound interest formula which is shown below:
<em>P = initial balance </em>
<em>r = interest rate </em>
<em>n = number of times compounded annually </em>
<em>t = time </em>
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First change 12% into a decimal:
12% -> -> 0.12
Lets plug in the values:
Tammy will own $14,644.63 after 8 years,
Answer:
Step-by-step explanation:
To find what percentage a certain value is of another value, simply divide the first value by the second, respectively.
We want to find want percentage that 7,562.5 is of 275,000. Therefore, we will divide 7,562.5 by 275,000 to obtain a decimal:
To convert from a decimal to a percentage, multiply by 100: