Answer:
d
Step-by-step explanation:
its a rational number because it isn't 0 and the others are incorrect i think
Answer:
6.517%
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%
okay im not sure but maybe try to find a number that can be = to 18 and that might be y
Answer:
The correct answer is $8532.17
Step-by-step explanation:
The formula for calculating investments with compound interests is as follows:
Where:
R is the annual interest rate,
t is the number of times the investment is to be compounded in a year,
n is the number of years,
P is the principal amount invested.
Replacing in the formula with the given values you have:
