After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:
where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:
So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
Learn more about Compound Interest formula at:
#learnwithBrainly
Answer:
An equation is a mathematical statement that shows the equal value of two expressions while an inequality is a mathematical statement that shows that an expression is lesser than or more than the other. 2. An equation shows the equality of two variables while an inequality shows the inequality of two variables.
Step-by-step explanation:
hope this helps!
Total socks = 4 + 7+ 11 = 22
Red = 4
White = 7
P(red, then white) = (4/22)(7/21) = 2/33
Answer: 2/33
Answer:
D
Step-by-step explanation:
10/7 = 1.4285
9/y = 1.4285
Multiply both sides by y.
9 = 1.4285y
Divide both sides by y.
6.3 = y
