Answer:
The amount after three years is $12831.8
Step-by-step explanation:
* Lets revise the compound interest
- The formula for compound interest is A = P (1 + r/n)^(nt)
Where:
# A = the value of the investment with interest
# P = the initial investment amount
# r = the annual interest rate (decimal)
# n = the number of times that interest is compounded per unit t
# t = the time the money is invested
* Now lets solve the problem
∵ The initial amount is $9000
∴ P = $9000
∵ The rate is 12%
∴ r = 12/100 = 0.12
∵ The interest is compound quarterly
∴ n = 4
∵ The money invested for 3 years
∴ t = 3
∵ A = P (1 + r/n)^(nt)
∴ A = 9000(1 + 0.12/4)^(4×3)
∴ A = 9000(1 + 0.03)^12
∴ A = 9000(1.03)^12 = $12831.8
Answer:
y=97
Step-by-step explanation:
1st do 42+55=97 to find
2nd do 180-97=83 to find z so z=83
3rd do then do 180-83=97 sense y and z are supplementary
so therefore the answer is y=97
If brainiest is earned its greatly appreciated
Answer:
12.96
Step-by-step explanation:
54 percent *24
= (54/100)*24
= (54*24)/100
= 1296/100 = 12.96
Now we have: 54 percent of 24 = 12.96
Question: What is 54 percent of 24?
We need to determine 54% of 24 now and the procedure explaining it as such
Step 1: In the given case Output Value is 24.
Step 2: Let us consider the unknown value as x.
Step 3: Consider the output value of 24 = 100%.
Step 4: In the Same way, x = 54%.
Step 5: On dividing the pair of simple equations we got the equation as under
24 = 100% (1).
x = 54% (2).
(24%)/(x%) = 100/54
Step 6: Reciprocal of both the sides results in the following equation
x%/24% = 54/100
Step 7: Simplifying the above obtained equation further will tell what is 54% of 24
x = 12.96%
Therefore, 54% of 24 is 12.96
