Answer:
If using simple interest, the formula is:
= Amount * ( 1 + rate * time)
= 20,000 * ( 1 + 4% * 5)
= $24,000
Interest = Balance after 5 years - Investment
= 24,000 - 20,000
= $4,000
Using Compound Interest:
= Amount * ( 1 + rate)^time
= 20,000 * ( 1 + 4%)⁵
= $24,333.06
Interest = 24,333.06 - 20,000
= $4,333.06
Answer: 6.27 or 6.3
Step-by-step explanation: 4 1/5 ÷ 2/3 can be changed to a multiplication problem by using the reciprocal of the second fraction: 3/2
Multiply 4 1/5 by 3/2 = 6.3
Based on the information given, the person who doesn't qualify for the income tax credit will be A. Ivy, age 22, is single with no dependents. She is not a dependent of another person. She has wages of $6,500 and an investment income of $11,150.
It should be noted that the earned income tax credit is important as it helps low-income workers get a tax break.
From the options given, Ivy is the taxpayer that does not qualify for the 2021 Earned Income Tax Credit. This is because she's not a dependent of another person.
Learn more about tax credit on:
brainly.com/question/25895721
4(1/2x7)=12 <=> x28/2=12
x=12*2/28=24/28=12/14=6/7
