Helppppp i need help ASAP

Mathematics

1 answer:

algol133 years ago

4 0

Answer:

a) 10.10 a.m. , (b) 10.20 a.m. which is 10 minutes after sprints start , (c) The students work at 10.50 a.m. , (d) For 60 minutes from 10 a.m. to 11 a.m. which equals to 1 hour

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Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.

<h3>Compound interest</h3>

Compound interest is given by:

$A=P(1+\frac{r}{n})^{nt}$

where A is the amount after t years, P is initial amount, r is the rate and n is the times compounded per period

Given that n = 1, r = 9% = 0.09, A = $7500 t = 11. Hence:

$7500=P(1+\frac{0.09}{1} )^{1*11}\\\\P=\$2906.50$

Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.

Find out more on Compound interest at: brainly.com/question/24924853

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