Very hard question. .....
Answer:
$ 50,340.97
Step-by-step explanation:
From the above question, we can deduce that we are to find the Initial amount invested which is also called the Principal.
The formula to find Principal in a compound interest question is:
P = A / (1 + r/n)^nt
Where:
A = Total Amount obtained after invested = $80,000
r = Interest rate = 3.1% = 0.031
n = number of times interest in compounded = Quarterly = 4
t = time in years = 15
P = $80,000/(1 + 0.031/4)^4 × 15
P = $80,000/(1 +0.00775)^60
P = $ 50,340.97
Hence, James would have to invest $50,340.97 today to have $80,000 in 15 years.
Answer:
27
Step-by-step explanation:
r = 9
s = 6
r^2
= r x r
= 9 x 9
= 81
13s
= 13 x 6
= 108
13s - r^2
= 108 - 81
= 27
To get the value of DK we use proportionality:
AK/EK=BK/KD
thus plugging the values we get:
14/17=7/KD
getting the reciprocal of getting both sides we have:
17/14=KD/7
thus
KD=17/14×7
KD=8.5
thus
