Answer:
$8950.37
Step-by-step explanation:
Use the compound amount formula A = P(1 + r/n)^(nt), in which P is the initial amount of money (the principal), r is the interest rate as a decimal fraction, n is the number of times per year that interest is compounded, and t is the number of years.
Here we have A = $11,000, n = 2, r = 0.07 and t = 3, and so:
$11,000 = P(1 + 0.07/2)^(2*3), or
$11,000 = P (1.035)^6
$11,000 $11,000
Solving for P, we get P = ---------------- = ------------- = $8950.37
1.035^6 1.229
Depositing $8950.37 with terms as follows will result in an accumulation of $11,000 after 3 years.
Answer:
Step-by-step explanation:
um
Answer:
z = 21 ; y= 16
Step-by-step explanation:
first of all we have to isolate a variable.
In second expression we can obtain:
3y = 2z+6
y = 2/3 z + 2
now we have to substitute this value in the first equation and solve it
8(2/3z+2)-5z = 23
16/3z + 16 -5z = 23
16z +48 - 15z = 69
z = 21
now we have to substitute z in the second equation:
y = 2/3 (21) +2
y = 14+ 2 = 16
y = 16
Answer:
C
Step-by-step explanation:
A rhombus always has 4 sides, making it a quadrilateral.
Feel free to ask further questions..
