Centroid is the correct answer
Her investment is now worth $198.
This is because 32% of 150 equals 48, and add the 32% to 150 and it adds up to $198.
Answer: the value of the account after 6 years is $101559.96
Step-by-step explanation:
If $64,000 is invested in an IRA account, then
Principal = $64,000
So P = 64,000
The rate at which $64000 was compounded is 8%
So r = 8/100 = 0.08
If it is compounded once in a year, this means that it is compounded annually (and not semi annually, quarterly or others). So
n = 1
We want to determine the value of the account after 6 years, this means
time, t = 6
Applying the compound interest formula,
A = P(1 + r/n)^nt
A = amount after n number of years
A = 64000( 1 + 0.08/1)^1×6
A = 64000(1.08)^6
A= 64000×1.58687432294
A= 101559.956668416
Approximately $101559.96 to 2 decimal places
Hello!
Let the unknown number be x.
Subtract 5:
x-5
Double the result: (multiply the result times 2):
2(x-5)
Hope everything is clear.
Let me know if you have any questions!
#KeepLearning
:-)
Answer:
B.
Step-by-step explanation: