To get the smallest amount one can invest in 3 years at a rate of 5% to obtain £8000 we use the compound formula given by:
A=p(1+r/100)^n
where:
A=future amount
p=principle
r=rate
n=time
From the question:
A=£8000, r=5%, n=3
thus plugging the values in the formula and solving for p we get:
8000=p(1+5/100)6n
8000=1.157625p
thus
p=6910.700
Hence the smallest amount is £6910.70~£6910
Answer:
31
Step-by-step explanation:
A.
This answer leads to the correct value of his balance.
Answer:
x=6
Step-by-step explanation:
Hello,
5355 is divisble by 3 since 5+3+5+5=18 is divisible by 3
5355=3*1785
1785 is divisble by 3 since 1+7+8+5=21 is divisible by 3
1785=3*595
595 is not divisible by 3 but by 5
595=5*119
119 is divisible by 7 since 1*2+1*3+9*1=14 is divisible by 7.
119=7*17
17 is prime
Answer A