Answer:
$10,144.93
Step-by-step explanation:
Amount formula; A = (Principal* rate* time) +Principal
A= (P*r*t) +P
A= 14,000
r= 9.5% OR 0.095 as a decimal
t= 4
Plug the numbers into the formula;
14,000 = (P* 0.095 *4 ) +P
14,000 = 0.38P +P
14,000 = 1.38P
Divide both sides by 1.38 to solve for P;
14,000/1.38 = P
P= 10,144.9275
Therefore, the present value (Principal) = $10,144.93
Hello there! The following picture below should assist you with answering your question. Let me know if you find any errors or cannot read my writing, and I will review and fix them as required. Thanks!
B). 10.63
Because 7^2=49 and 8^2=64 then 49+64=113 then the square root of 113 is 10.63
