The number of years it would take $4000 to grow to $4616 is 2.92 years.
<h3>How many years would it take the investment to have a value of $4616?</h3>
When an amount earns compound interest compounded semi annually, it means that both the amount invested and the interest accrued increases in value twice yearly.
Number of years = (In FV / PV) / r
- r = 9.8/2 = 4.90%
- FV = future value = 4616
- PV = present value = 4000
(In 4616 / 4000) / 0.049 = 2.92 years
Divide by 3 to get the rate per min
She types 54 words per minute
Answer:
5
Step-by-step explanation:
5
Answer:
C
Step-by-step explanation:
3/4 of 1000 is 750 and 1/5 of 750 is 150 so your answer is C
To get a decimal form of a fraction, divide the numerator by the denominator.
7/8 = 0.875
