I’ll give you brainliest , pls help
1 answer:
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Answer:
$2,459.21
Step-by-step explanation:
(see attached for reference)
recall that the formula for compound interest is:
A = P [ 1 + (r/n)^ (nt) ]
where,
A = Final amount ( we are asked to find this)
P = principal amount = given as $2,340
r = Annual Interest Rate = given as 5% = 0.05
n = number of times compounded in a year = 4 (compounded quarterly)
t= time = 1 year
Substituting the values into the equation,
A = P [ 1 + (r/n)^ (nt) ]
A = 2,340 [ 1 + (0.05/4)^ (4·1) ]
A = $2,459.21
Answer:
5.8
Step-by-step explanation:
Y e s .
Using the Distance formula and all.
Answer:
<em>Felix earns total $594 per week.</em>
Step-by-step explanation:
Felix’s sales are $53000.
So, <u>the amount of sales over $4800 will be</u>:
Felix earns $450 per week and additional 3% of sales over $4800.
So, his additional income
Thus, Felix's total income will be: