Answer:
a. $8625
Step-by-step explanation:
So there are 115 members and they each raise $75.
That means one member would raise $75, the second member would raise another $75, the third would raise another $75 etc....
So you just have to multiply 115 and 75 together and that gives you $8625
Answer:
all inputs are equal to <u>3</u>
Step-by-step explanation:
Answer:
1.55%
Step-by-step explanation:
Fill in the values and solve for the rate using the future value formula.
FV = P(1 +r/n)^(nt)
4720 = 4300(1 +r/12)^(12·6)
(4720/4300)^(1/72) = 1 +r/12
r = 12(4720/4300)^(1/72) -1) ≈ 0.015542
The annual interest rate is about 1.55%.
9x +1= 0
9x/9 +1-1=0
X= 9-1
X= 8
