Answer:
$83,320
Step-by-step explanation:
The formula to apply here is;
where;
A=Amount at the end
P=the amount to invest/principal
r=rate of interest as a decimal
n=number of compoundings in a year
t=time in years
Given that;
A=$400,000
P=?
r=8%=0.08
n=2
t=20
Substitute values in equation
P=$83,320 (to the nearest dollar)
Answer:
592
Step-by-step explanation:
A=2(wl+hl+hw)
A=2(8*10+12*10+12*8)=592
At the end of the first year, the correct formula is this one:
The second year, we add r times the above amount, we get:
Iterating the process, we get the general formula of any number of years:
1. A
2. C
3. C
4. B
5. D
Im not 100% sure but I tried my best :) good luck.
(13 - 5n) = 29
-5n = 29 - 13
-5n = 16
n = -16/5 or - 3 1/5
