Answer:
$5.44
Step-by-step explanation:
$1.75 + $1.26 + $1.08 + $0.52 = $4.56
$10.00 - $4.56 = $5.44
PV=FV/(1+i)^t
FV=7000, i=3.5%=0.035,t=9
put everything in the formula
PV=7000/(1+0.035)^9
PV=$5136.12
This is actually quiet easy!
(23.80/140) x 100 = (0.17) x 100 = 17%
That's how you do it! Hope this helps!
Answer:
10.1 years.
Step-by-step explanation:
It is given that,
Principal = 9000
Rate of interest = 5%
No. of times interest compounded = 2 times in an year
Amount after certain time = 14800
The formula for amount:
where, P is principal, r is rate of interest, n is no. of times interest compounded in an year and t is time in years.
Substitute the given values in the above formula.
Taking log both sides.
Therefore, the required time is 10.1 years.