Answer: The amount is $14794.39 and the interest is $9794.39
Step-by-step explanation: If you deposit <em><u>$5000</u></em><u> </u>into an account paying <em><u>7.5%</u></em> annual interest compounded yearly , how much money will be in the account after <em><u>15 years</u></em>?
To find amount we use formula:
A-P(1+r/n) n*t
A = total amount
P = principal or amount of money deposited,
r = annual interest rate
n = number of times compounded per year
t = time in years
P=$5000, r=7.5, n=1 and, t=15 years
After plugging the given information we have
A= $5000 (1+0.075/1)^1.15
A= 5000 *1.075^15
A=14794.39
To find interest we use formula A=P+I'
since A= 14794.39 and P=5000
we have: A=P+I 14794.39=5000+I
I= 14794.39 -5000
I=9794.39
Answer:
18 and 6
Step-by-step explanation:
Rn = 6 Ratio numerator
Rd = 2 Ratio Denominator
Rs = Rn + Rd
Rs = 6 + 2
Rs = 8
Ratio Sum
a = 24 Amount to Divide
M = a ÷ Rs
M = 24 ÷ 8
M = 3 Multiplier Ratio Division Calculation
Rr = Rn × M : Rd × M
Rr = 6 × 3 : 2 × 3
Rr = 18 : 6
Answer:
Hi the answer is A, hopefully i helped you
Answer:
m=-38
Step-by-step explanation:
