Your formula is wrong
it should be
A=future amount
P=present amount
r=rate in decimal
n=number of times per year compounded
t=time in years
given
P=200
R=0.04
N=12 (12 months in 1 year)
t=8
A=275.279
round
275.28
D is answer
Answer:
Ruby can have at most, 13 people attend the workshop.
Step-by-step explanation:
Answer:
<h2>The answer is - 16</h2>
Step-by-step explanation:
<h3>
</h3>
where
n is the number of terms
From the question since we are finding the 5th term
n = 5
Substitute the value into the above formula and solve
We have
We have the final answer as
<h3>- 16</h3>
Hope this helps you
Answer:
<em>In the second group the individual members received a larger fraction of the prize money</em>
Step-by-step explanation:
<u>Division by Sharing</u>
A certain amount M can be evenly split among n parties by performing a division M/n.
The first group of six friends earned $45 and they split it evenly, i.e. the same amount goes to each member. Each of them received $45/6= $7.50 apiece.
The second group of four friends won the second-place prize of $35 and they split it evenly also. Each member received $35/4=$8.75.
By comparing both numbers, we see that 8.75 is a bigger fraction of 35 that 7.50 is of 45. Each member from the second-place price will receive more money than the first group.
We can conclude in the second group the individual members received a larger fraction of the prize money