Answer:
$56,226
Step-by-step explanation:
x = investment
Earning interest of 3.57% is the equivalent of multiplying the initial balance (investment) by 1.0357;
Over 20 years, the new balance can be found by multiplying the initial balance by (1.0357)²⁰;
We can formulate an equation to solve to get the initial investment:
x(1.0357)²⁰ = 113400
(2.01687752)x = 113400
x = ¹¹³⁴⁰⁰/₍₂.₀₁₆...₎
x = 56225.5263 → 56226
Without rounding to the nearest tenth, it would be 7.28. Rounding it would give you with an answer of 7.3 with rounding.
Answer: P(AB) = 3/8
Step-by-step explanation:
You simply multiply P(AuB) by P(B)
3/7 * 7/8 = 3/8
Answer:
7/8 or in decimal form .87
Step-by-step explanation:
