For question (ii) I'm not sure if the answer is correct or not because I don't understand the question asked ...
I hope I can help ....
Answer:
16400$
Step-by-step explanation:
Persent invest value= 4100$
Compound intrest rate=8.5% or 0. 085 (annual)
Time period =17 years
According to compound interest formula
Future valve (fv) =persent value(pv) (1+r)^n
Substitute all values
Fv=4100$(1+0.085)^17
Fv=4100$(1.085)^17
Fv=4100 * 4.00
Fv= 16400 $ answer
Answer:
don't know
Step-by-step explanation:
Answer:
B 26.3% increase
Step-by-step explanation:
1 - 3.50/4.75 = .263 = 26.3%