False. That does not satify the equation
For a single payment with compound interest, the equation to use is F=P(1+i)^n where F is the value after n periods, P is the present value, and i is the interest rate.
If we want the final value F to double in 5 years, F is then equal to P then n=5. The equation is now:
2P=P(1+i)^5
2=(1+i)^5
i=14.87% per year
Answer:
$7150
Step-by-step explanation:
To find how much is earned, take the amount earned per week times the number of weeks
275*26 =7150
Answer:18
Step-by-step explanation:
The 17.55 rounded to nearest pound is 18.
