The answer is 240.
25% =
Instead of multiplying the % with the number, we will be dividing.
Multiply the reciprocal of the % with 60 and that would be your answer.
Type the value of the ? below.
2 answers:
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Answer:
$
Step-by-step explanation:
Use the compound-interest formula:
Where:
FV=Future value or the ending amount
PV=Present value or the initial amount=750
n=Number of compoundings in any one year=2
t=Total number of years=4
r=interest rate=0.0425
Now, replacing the data in the equation:
$