Answer:
$3,623.84 Exact answer without rounding | $3,623.85 ~ (Approximent Answer with rounding.)
Step-by-step explanation:
Compound Interest Has a Specific Formula:
This case is Exponential Growth.
Formula: y= ab^x
You need to set up the equation.
First we need to define the rate of growth meaning what do you have to do for the 6.5%.
You need to do 100% + 6.5% = 106.5%
You need to convert the percent to a decimal which will be 1.065
Now we need to start plugging things into our formula to solve.
Your initial Starting amount was $3000
So you need to have y=3000(b)^x
We now know that the rate of growth is 1.065 so the b would be 1.065
y=3000(1.065)^x
Our power to x is our 3.5 years.
Our Equation now:
y=3000(1.065)^3
Now you need to use a calculator to do this due to the amount of decimals and digits.
Remember pemdas when doing this!!!
The answer should result to $3,623.84 but if rounded then: $3,623.85
Answer:
2/11
Step-by-step explanation:
6/11 x 1/3 =
6/33 =
2/11
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-Chetan K
N = 15
First you would add 5 to both sides.
Then you would Multiply 3 on both sides to get N by itself
By multiplying 3 x 5 it gives you 15
So N = 15
Answer: $1.33.
Step-by-step explanation:
Earnings per share = (Net income - Preferred dividends) / Common shares outstanding
Preferred dividends = 10,000 shares * 50 * 10%
= $50,000
Earnings per share = (150,000 - 50,000) / 75,000
= $1.33
Answer:
There are total 96 shirts out of which 72 are black and 12 are white and 12 are red.
Step-by-step explanation:
Let the total number of shirts be x.
Then 3/4= 0.75 shirts are black
50% or 50/100 =0.5 of 1/4 ( 1-3/4) remaining are white
and 12 are red
x= 0.75x+0.125x+12
x= 0.875x+ 12
x-0.875x= 12
0.125x= 12
x= 12/0.125
x= 96
There are total 96 shirts out of which 3/4 are black
96*0.75= 72 are black and
96*0.25= 24 are left behind out of which 50% are white.
12 are white and 12 are red.
