Use the compound interest formula to solve this question.
The formula is
A=p (1+r/k)^kt
A future value 3000
P amount deposited?
R interest rate 0.04
K compounded 4 times
T time 5years
Solve the formula for p
P=A÷(1+r/k)^kt
P=3,000÷(1+0.04÷4)^(4×5)
p=2,458.63
yes, it is correct
you just plug in the 12 where the n is
Answer:
2000
Step-by-step explanation:
Khan academy answer
<span>Divide $380 by 20 and then multiply the result by 7. Its really not hard I promise I basically just gave you the answer</span>
5/6(x+9/2) is the answer for this problem download photomath or socratic, that will help you as well