If i was o dived 3 by 2 what woud it be
2 answers:
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Dave will have $12,728 after 15 years, if he has $8000 to invest for 15 years. He finds a bank that offers an interest rate of 3.1% compounded monthly.
Step-by-step explanation:
The given is,
Investment = $ 8000
No. of years = 15 years
Interest rate, i = 3.1 %
( compounded monthly )
Step:1
For for calculating future value with compound interest monthly,
.................(1)
Where,
A = Future amount
P = Initial investment
r = Rate of interest
n = Number of compounding in a year
t = Time period
Step:2
From given values,
P = $8000
r = 3.1%
t = 15 years
n = 12 ( for monthly)
Equation (1) becomes,
A = $ 12728.48
Result:
Dave will have $12,728 after 15 years, if he has $8000 to invest for 15 years. He finds a bank that offers an interest rate of 3.1% compounded monthly.
Answer:
The container is filled to 87.5% of the maximum capacity.
Step-by-step explanation:
Given
Maximum capacity of container = m = 64 ounces
Filled capacity=> as it is 8 less than maximum capacity = 64-8 = 56 ounces
The container is 56 ounces full.
To find the percentage:
Hence,
The container is filled to 87.5% of the maximum capacity.