0.
1/2 = 1/2
No need to add anything
Answer:
1 is 136, 2 is 44, annd 4 is 44
Step-by-step explanation:
You can see that every decade the income increases by 6,250. So if you want to do 5 years instead you would have to add 3,125 to the income of 1980 to find what the income was for 1985. Now you add 33,750+3,125= 36,875. The financial aid cutoff for 1985 would be $36,875.
Answer:
The value of Liam's investment at the end of 4 years is £9069.764
Step-by-step explanation:
Compound interest is interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of an investment.
We multiply the principal amount by one plus the annual interest rate to the power of the number of compound periods to get a combined figure for principal and compound interest.
4.5% in the first year;
4.5/100 = 0.045
(1 + 0.045) × 8000 =
1.045 × 8000 = £8360.
2.75% for all subsequent year;
2.75/100 = 0.0275
1 + 0.0275=1.0275
Number of years is;
4-1=3years
Therefore,
8360 × (1.0275)^3 =
8360 × 1.0849 = £9069.764
