Answer:
If using simple interest, the formula is:
= Amount * ( 1 + rate * time)
= 20,000 * ( 1 + 4% * 5)
= $24,000
Interest = Balance after 5 years - Investment
= 24,000 - 20,000
= $4,000
Using Compound Interest:
= Amount * ( 1 + rate)^time
= 20,000 * ( 1 + 4%)⁵
= $24,333.06
Interest = 24,333.06 - 20,000
= $4,333.06
The 18th month he will have to change both,
I hope this helped!
Answer:
6 29/40
Step-by-step explanation:
1/8 times 5 equals 5/40 and 3/5 times 8 equals 24/40 you add them together to get 29/40 which can not be simplified then add 4 and 2 to get 6 so <u>6 29/40 </u>is your answer.
Answer:
I think this answer is 12.5
Answer:
<h2><em><u>
.1etc</u></em></h2>
Step-by-step explanation:
It would be 16 divided by 3 and from the answer you get from that you should divide it by itself equaling infinite .111111111111etc
