Answer:
Less than. <
Step-by-step explanation:
Answer:
FV= $21,038.28
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $15,000
Interest rate (i)= 7% compounded annually
Number of periods (n)= 5
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 15,000*(1.07^5)
FV= $21,038.28
Answer:
63 sq ft
Step-by-step explanation:
The formula for the area of a trapezoid is
A = h(a + b)/2 where a and b are the lengths of the parallel sides and h is the distance between them
A = 7(11 + 7)/2
= 7(18)/2
= 63 sq ft
Answer:
B. 5/6 of a number cannot be greater than the number.
7/3 = 2 1/3 > 1 2/3
The interest rate is B. 4%
Given:
Principal = 450
Interest = 126
term = 7
rate = ?
Simple Interest is computed by multiplying the Principal, rate, and term.
Interest = P × r × t
126 = 450 × r × 7
126 = 3150r
r = 126/3150
r = 0.04 x 100% = 4%
To check:
I = 450 × 0.04 x 7
I = 18 × 7
I = 126
