You cannot model 26 divided by 3 because the quotient continues on forever.
Hope this helps!
-Coconut;)
Answer:
2/3
Step-by-step explanation:
Given: Principal Amount (P) = $300
The rate of interest (r) = (3/4) compounded quarterly.
No. quarters in 3 years (n) = 3×4 = 12
To find: The amount for the CD on maturity. Let it will be (A)
Formula: Compound Amount (A) = P [ 1 + (r ÷100)]ⁿ
Now, (A) = P [ 1 + (r ÷100)]ⁿ
or, = $300 [ 1 + (3 ÷400)]¹²
or, = $300 × [ 403 ÷ 400]¹²
or, = $300 × 1.0938069
or, = $ 328.14
Hence, the correct option will be C. $328.14
3x + 1 is the length for one side. Do you also need to solve for x?
Answer:
$6000
Step-by-step explanation:
$1200/5years =$240/1yr
$240=4%
:. 1%=$60
Initial investment =$60*100%=$6000
