Answer:
$14,277.80
Step-by-step explanation:
The standard formula for compound interest is given as;
A = P(1+r/n)^(nt) .....1
Where;
A = final amount/value
P = initial amount/value (principal)
r = rate yearly
n = number of times compounded yearly.
t = time of investment in years
For this case;
P = $7,400
t = 8 years
n = 4 (quarterly)
r = 9.5% = 0.095
Using equation 1.
A = $7,400(1+0.095/4)^(4×7)
A = $7,400(1.02375)^(28)
A = $7,400(1.929432606035)
A = $14,277.80
final amount/value after 8 years A =$14,277.80
Answer:
a function of an angle, or of an abstract quantity, used in trigonometry, including the sine, cosine, tangent, cotangent, secant, and cosecant, and their hyperbolic counterparts.
Step-by-step explanation:
Answer:
B) 12.5%
Step-by-step explanation:
1. Find amount spent on clothes in July
$2800 * 8% = j
<em>j = $224</em>
2. Find amount spent of clothes in August
$224 + $126 = a
<em>a = $350</em>
3. Find the amount's percentage of the total
$350/$2800 = x
x = 0.125 = 12.5%
Answer:
If the question is 
then the answer is no real solution. If the question is 2x - 18x + 65 than the answer is -16x+65
