Answer:
I think that it is D or B from my side
7.95 ÷ 1.06 = $7.50
This works as by dividing 7.95 by the percentage multiplier 1.06 it will give you the original amount.
An alternative method is to find out what 100% (7.95) is, then divide by 10 to find 10% and then divide by 10 again to find 1% and then multiply the 1% by 6 and subtracting the answer from 7.95.
Answer:
I am not so clear about this question
For this, we have to calculate how much money has to be invested at 2.3% interest compounded continuously to achieve $41,000 after 17 years
Formula: A= P * ( 1+r)^t
A= $41,000
r=0.023
t= 17
<span>41,000= P * (1+0.023)^17
</span>41,000= P * (1.023)^17
41,000= P * 1.4719
P= 41,000 : 1.4719
P= $27,731.59
Therefore, the answer is C. $27,731.59
I checked by doing the opposite, and I got $41,000.01, which is the closest to the question<span>
</span>
Answer:
no one knows
Step-by-step explanation:
lol
