Answer: $15385 should be deposited.
Step-by-step explanation:
The principal was compounded monthly. This means that it was compounded 12 times in a year. So
n = 12
The rate at which the principal was compounded is 7.8%. So
r = 7.8/100 = 0.078
It was compounded for 4 years. Therefore,
t = 4
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. The total amount is given as $21000. Therefore
21000 = P (1+0.078/12)^12×4
21000 = P (1+0.078/12)^48
21000 = P (1+0.0065)^48
21000 = P (1.0065)^48
P = 21000/1.365
P = $15385
Answer: EQUATION: p-6=-14 ANSWER: p=-8
Step-by-step explanation:
Just simply add 6 to both sides so p can be by by itself. -14+6=-8
Hope this helped you! ^_^
Answer:
y=-4x+9
Step-by-step explanation:
y-y1=m(x-x1)
y-(-3)=-4(x-3)
y+3=-4(x-3)
y=-4x+12-3
y=-4x+9
61/4 % converted into a decimal is 15.25
Hey there! :)
Answer:
False.
Step-by-step explanation:
In a point, the coordinates are in the format:
(x, y).
In this instance, x = 5 and y = -3. This means that to plot the point, you would need to:
Move right 5, down 3.
