Answer:
The answer is
A
Step-by-step explanation:
kindly find attached the solving for proper understanding and solution flow.
Given Data
the divisor=
dividend=
firstly for us to perform the division we need to re write the dividend and include the missing coefficient of x
dividend
Answer:
<em>Mrs. Adams will earn $3,120 of interest at the end of year 8.</em>
Step-by-step explanation:
<u>Simple Interest</u>
In simple interest, the money earns interest at a fixed rate, assuming no new money is coming in or out of the account.
We can calculate the interests earned by an investment of value A in a period of time t, at an interest rate r with the formula:
Mrs. Adams deposited an amount of A=$12,000 into an account that earns an annual simple interest rate of r=3.25%. We must find the interest earned in t=8 years. The interest rate is converted to decimal as:
The interest is then calculated:
Mrs. Adams will earn $3,120 of interest at the end of year 8.
Answer:
There will be 9897.47€ in the account.
La cantidad será de 9897.47€.
Step-by-step explanation:
Future value with annuity:
The future value formula, for an annuity, is:
An annuity means that a number of payments happen during the period(an year, for example.
P is the value of the deposit, r is the interest rate, as a decimal, and n is the number of deposits.
In this question:
1000 € each year, so
Interest rate of 6%, so
One application per year for 8 years, so
Total amount:
There will be 9897.47€ in the account.
La cantidad será de 9897.47€.