Firstly, solve the effective annual interest (ieff) with the equation,
ieff = (1 + i/m)^m -1
where i is the interest rate and m is the number of times the interest is compounded in a year. In this problem, m is 12
Substituting the values,
ieff = (1 + 0.034/12)^12 - 1 =0.03453
To solve for the future (F) amount of the present investment (P),
F = P x (1 + ieff)^n
where n is number of years.
F = ($742) x (1 + 0.03453)^15
Thus, the answer is $1234.76.
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» There are 8 watermelons and 6 apples in the shopping cart. What is the ratio of apples to total fruits? Be sure to write your answer in lowest terms.
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Based on the problem, there are 8 watermelons and 6 apples in the shopping cart. So,
Therefore, the ratio of apples to total fruits is 8:14 and its lowest term is 4:7.
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Answer:
26.88
Step-by-step explanation:start eight times four is 32
and than eight times six is 48 than add a zero and do four times six is 24
and four times five is twenty add it up and line up the decimal points
hope i helped !!
