The value of the investment in 5 years is $5805.9
<h3>What is Interest ?</h3>
Interest is the amount earned over years for the amount invested.
It is given that
Principal = $5000
Rate = 3%
Compounded Quarterly
Time = 5 years
Amount = ?
The Amount is given by the formula
Amount = P( 1 + (r/n))ⁿˣ
Here n = t = time period for which the investment has been done.
Amount = 5000( 1+(3/4 * 100)⁴ˣ⁵
Amount = 5000 (1.16)
Amount = $ 5805.9
Therefore , The value of the investment in 5 years is $5805.9
To know more about Interest
brainly.com/question/13324776
#SPJ1
The answer is 280 this is your answer
Step-by-step explanation:
Rate of change = final - initial / time(in years)
= 41 - 43 / 2014 - 2012
= - 2 / 2
<u>Rate of change</u> = <u>- 1</u>
Therefore, the number of employees with health care benefits reduced by 1 person per year between 2012 - 2014 in response to policy changes.
Answer:
The answer is 90 4/10
Step-by-step explanation:
if u divide 4 from 10 u will get 0.4
