<h3>Answer: 7366.96 dollars</h3>
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Use the compound interest formula:
A = P(1+r/n)^(n*t)
where in this case,
A = 12000 = amount after t years
P = unknown = deposited amount we want to solve for
r = 0.05 = the decimal form of 5% interest
n = 1 = refers to the compounding frequency (annual)
t = 10 = number of years
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Plug all these values into the equation, then solve for P
A = P(1+r/n)^(n*t)
12000 = P(1+0.05/1)^(1*10)
12000 = P(1.05)^(10)
12000 = P(1.62889462677744)
12000 = 1.62889462677744P
1.62889462677744P = 12000
P = 12000/1.62889462677744
P = 7366.95904248911
P = 7366.96
Answer:
Step-by-steIn order to go to college, Chris goes from working full-time making $30,000 per year to working part-time at half the salary for two years. The cost of his education will be $5,000. If Chris makes $35,000 per year after getting his degree, approximately how many years will it take him to recover his investment? *
it would take him 7 years to recover the 35,000 he invested
p explanation:
he was in college two years and it cost him a total of 5000 and he lost 30000 from the two years he worked part time
Answer:
9 and 3/5
Step-by-step explanation:
Nine and Three Fifths
Answer:
100
Step-by-step explanation:
if SP>CP,
It is profit [SP - CP = Profit]
if CP>SP,
It is loss [CP - SP = Loss]
Here in the question CP>SP so,
loss = CP - SP
=200 - 100
= 100
<span>The expression 3x^3-5x^2+3x-1 has ___ terms and a constant of ____.
have four terms and 1 constant
</span>
