Only answer this if you have an explanation and if you know what the answer is.
2 answers:
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She should invest $6491.73.
The equation we use to solve this is in the form
,
where A is the total amount in the account, p is the principal invested, r is the interest rate as a decimal, n is the number of times per year the interest is compounded, and t is the amount of time.
A in our problem is 14000.
p is unknown.
r is 6% = 6/100 = 0.06.
n is 2, since it is compounded semiannually.
t is 13.
The equation we use to solve this is in the form
where A is the total amount in the account, p is the principal invested, r is the interest rate as a decimal, n is the number of times per year the interest is compounded, and t is the amount of time.
A in our problem is 14000.
p is unknown.
r is 6% = 6/100 = 0.06.
n is 2, since it is compounded semiannually.
t is 13.
Given:
Kate wants to buy some daisies for $6.99, some potting soil for $3.98, and a ceramic pot for $7.95. She has $20.00
Required:
Amount of change Kate receives back?
Explanation:
We will add each expense
Now, amount of change Kate receives back is 20.00 - 18.92 = 1.08
Answer:
Hence, amount of change Kate receives back is 1.08