2 is less than is greater than or equal to 4 and less than or equal to 9.
C. 5/6
30 people with soda + 45 people with lemonade = 75/90 people
simplifies to 5/6.
Answer: he should invest $16129 today.
Step-by-step explanation:
Let $P represent the initial amount that should be invested today. It means that principal,
P = $P
It would be compounded annually. This means that it would be compounded once in a year. So
n = 1
The rate at which the principal would be compounded is 7.6%. So
r = 7.6/100 = 0.076
The duration of the investment would be 6 years. So
t = 6
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years.
A = 25000
Therefore
25000 = P(1+0.076/1)^1×6
25000 = P(1.076)^6
25000 = 1.55P
P = 25000/1.55
P = $16129
F(n)=235-(235*.3^n)+50n is your equation where * is multiplication and ^ it to the power to.
Hello! For these kinds of problems, the formula for finding the principal is I / rt. That means, divide the simple interest by the rate and time (rate should be in decimal form). In order to find simple interest, just do prt, which means multiply the principal (initial amount) by the rate (simple interest rate, in decimal form) by the amount of time (could be in months or years). With that being said, if you solve it correctly, here are your answers:
Principal: $14,181
Interest rate: 10%
Time: 4 years
Simple Interest: $5,672.40
Principal: $83,079
Interest rate: 9%
Time: 2 years
Simple Interest: $14,954.22
Principal: $659,379.96
Interest rate: 11.7%
Time: 28 months
Simple Interest: $179,753.57
Principal: $18,936
Interest Rate: 2.41%
Time: 3 Months
Simple Interest: $114.09
Note: If the time is in months, be sure to convert it into a decimal and multiply. If a decimal repeats, just convert it to the nearest hundredth.
