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ivann1987 [24]
3 years ago
15

Find the product of 503×6 explain how found

Mathematics
1 answer:
8090 [49]3 years ago
8 0
The product of 503 × 6 is 3,009
You get this because when you line up the numbers with the 6 under the 3
First, you multiply 6 × 3 which is 9
Next, multiply 6 × 0 and that is 0
And finally you multiply 6 × 5 which is 30
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Step-by-step explanation:

This is a multi-year investment and we are not working with a $1 initial investment. There is no mention of compounding so we will use formula A=P0⋅(1+r)N with A=$18,434 and P0=$14,320. We do not know the value of r. However, N=4 years. Substituting the values we have $18,434=$14,320⋅(1+r)4. Divide both sides of the equation by $14,320. Next, take the fourth root of both sides of the equation and subtract 1 to find the decimal form of r.

$18,4341.287291.065170.06517=$14,320⋅(1+r)4=(1+r)4=1+r=r

Finally, convert r to a percent.

r=0.06517×100%=6.517%

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