After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:
where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:
So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
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Answer:
option C 13.5%
Step-by-step explanation:
As the heights of adults is normally distributed with mean=69 and standard deviation=2.5 so, the percent of men that are between 64 and 66.5 inches tall can be calculated as
P(64<X<66.5)=P[ (64-69)/2.5<(X-μ)/σ<(66.5-69)/2.5]
P(64<X<66.5)=P(-2<Z<-1)
P(64<X<66.5)=P(-2<Z<0)-P(-1<Z<0)
P(64<X<66.5)=0.4772-0.3413=0.1359
Thus, the percent of men are between 64 and 66.5 inches tall is 13.59%.
If we round the resultant quantity then it will be rounded to 13.6% but considering the given options, option C is most appropriate.
Answer:
A negative integer
Step-by-step explanation:
3x - 2(5x+12) - 32 = 0
3x - 10x - 24 - 32 = 0
-7x -56 = 0
-7x = 56, x = -8
y = 5(-8) + 12, y = -28
Answer:
Step-by-step explanation:
27/
77 (Decimal: 0.350649)
