9514 1404 393
Answer:
P = 50,000
r = 0.08
i = 0.02
K = 4
n = 20
t = 5
Step-by-step explanation:
In this formula, r is the annual interest rate, 8% or 0.08. K is the number of times the interest is compounded in a year. Since interest is compounded quarterly, K = 4.
r = 0.08
i = r/K = 0.08/4
i = 0.02
t is the number of years interest is compounded, so ...
t = 5
n = Kt = 4·5
n = 20
P is the principal amount invested:
P = 50,000
Answer:
C
Step-by-step explanation:
Answer:each apple is between 28 and 29 cents
Step-by-step explanation:
Divide 2.28 by 8 apples
Round 5.39999.....as 5.4
5 4/10, reduce which is 5 2/5
