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kirza4 [7]
2 years ago
9

A principal of $1800 is invested at 8.5% interest, compounded annually. How much will the investment be worth after 11 years?

Mathematics
1 answer:
posledela2 years ago
3 0
Calc= 1800 times (0.085 ^11)
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<h2>Answer: 2.8 miles</h2>

Step-by-step:

We can write it in the proportion \frac{7}{60} = \frac{x}{24}

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<h3>Cross Multiply</h3>

We multiply the numerator with the dominator

so 7 multiplied by 24

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2.8=x or x=2.8

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<h3>Butterfly Method </h3>

You would do 7 times 24 divided by 60 or \frac{7*24}{60}

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