Answer:
$3530.3541
Step-by-step explanation:
Given that:
Principal = 2200
Interest rate compounded annually (r) = 3%
Time (t) = 16 years
Using the compound interest formula :
A = P(1 + r/n)^n*t
A = final amount
n = number of times interest is applied per period
A = 2200(1 + 0.03)^16
A = 2200(1.03)^16
A = 2200 * 1.60470643909878751793
A = $3530.3541
Hence, amount in account on his 16th birthday will be $3530. 3541
Answer:
<em>Net price: $4972.50</em>
Step-by-step explanation:
<u>Percentages</u>
We know a ream of paper has a list price of $25.50. Custom Greetings placed an order for 300 of them. If they have purchased them at list price, the total price would have been
300*25.50=$7,650
But we also know there was a 35% trade discount, so the net price of their order is
$7,650-$7,650*35/100=$4972.50
Answer:
D
Step-by-step explanation:
the domain of this is x>=7
the range is x<=1
so 6 is in neither