Answer: $15385 should be deposited.
Step-by-step explanation:
The principal was compounded monthly. This means that it was compounded 12 times in a year. So
n = 12
The rate at which the principal was compounded is 7.8%. So
r = 7.8/100 = 0.078
It was compounded for 4 years. Therefore,
t = 4
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. The total amount is given as $21000. Therefore
21000 = P (1+0.078/12)^12×4
21000 = P (1+0.078/12)^48
21000 = P (1+0.0065)^48
21000 = P (1.0065)^48
P = 21000/1.365
P = $15385
Answer:
Exact Form:
100/3
Decimal Form:
33.3
Mixed Number Form:
33 1/3
<em><u>i hope this helped at all.</u></em>
Plug n = 14 into the formula
= -5(14) + 90
= -70 + 90 = 20
Answer:9 cups of red paint
Step-by-step explanation:1 batch = 3 cups of paint and you need to find the number of cups of paint for 3 batches so you multiply 3 x 3 and get 9. Hope this helped!!!:)
Answer:
y=3-b linear function
Step-by-step explanation:
