Answer:
$219.70
Step-by-step explanation:
First, you need to find the area of the certificate, which you can do by multiplying 10*13, since it is a rectangle. 10*13 is 130. Then, multiply 130 by the price per inch, which is $1.69. 130*1.69=219.7, which in financial terms would amount to $219.70.
I’m pretty sure the answer is 16, I’m very sorry if this is incorrect.
Answer:
Yes
Step-by-step explanation:
With the $875,000 from his input alone he is really close to $1,000,000 and doing simple intrest on the $250,000 is $105,000 a year is he earns 3.5% intrest a month.
So in 5 years he'll have about $1,662,500 using simple intrest but with compound it'd be more like 2mil
Hope this helps!
The formula to use here would be:
A = P(1+r)^t where P is the principal (starting) amount, r is the rate of interest, and t is time. Knowing this, plug in your values:
A = 14,000(1+0.07)^4 once worked out, you should get $18,351.14414 < this is the total amount he would be paying at the end of 4 years. to find the interest, subtract this amount from the principal amount (14,000):
$18,5351.14414 - 14,000 = 4,351.14414 < this is the amount of interest. Round your answer.
Answer: Jamal will pain $4,351.14 interest.
