Answer:
20mins
Step-by-step explanation:
3/4 * 60 = 45 mins
1/4 * 60 = 15mins
15mins + 10mins = 25 mins
45 - 25 = 20mins
We can use the compound interest formula
F=P(1+i)^n
where
F=Future value of investment to be found
P=present value of investment ($1000)
i=interest per period (1/4 year)=0.04/4=0.01
n=number of periods (3 years * 4 quarters = 12)
Substitute or "Plug in" values, so to speak,
F=1000*(1+0.01)^12
use a calculator to do the sum
=1126.83 (to the nearest cent, and use the proper rounding rules)
Answer:
its b
Step-by-step explanation:
