Answer:
757,576cents
Step-by-step explanation:
Given
Amount = $10000
Time = 4years
Rate = 8%
n = 1/4 year (compounded quarterly
Using the formula to get the principal
A = P(1+r/n)^nt
10000 = P(1+0.08/0.25)^4(1/4)
10000 = P(1+0.32)
10000= 1.32P
P = 10000/1.32
P = 7575.76
Hence he suppose to invest $7575.76 which is equivalent to 7575.76×100 cents i.e 757,576cents
The reciprocal of 3/8 would be 8/3 (basically reversing the numbers).
When dividing fractions, you can just multiply the first fraction by the reciprocal of the second fraction instead of dividing by the second fraction.
3/4 ÷ 3/8
= 3/4 × 8/3
Simplifying gives us the final answer:
= 2
Let me know if you need any clarifications, thanks!
Answer:
It's 81
Step-by-step explanation:
2^5 is 2*2*2*2*2 or 32
7^2 is 7*7 or 49
Add them together... 81
Answer: 0.000007638035
Step-by-step explanation:
We can use the formula for compound interest to solve this.
Now, the formula goes thus:
A = P ( 1 + r/n)^nt
Where A is the amount compounded, P is the initial amount I.e the principal, r is the rate in % , t is the time while n is the number of times the interest is compounded per time I.e how many times per year.
From the question, we get the following parameters, A = $1912.41 , P = ? , t = 15 years, r = 2.63% and n = 1 of course.
Now, we substitute these into the formula
1912.41 = P ( 1 + 2.63) ^ 15
1912.41 = P ( 3.63) ^ 15
1912.41 = P ( 250,379,850)
P = 1912.41 ÷ 250,379,850
P = 0.000007638035
Looks pretty funny an answer right?
5.815+6.021= 11.836
good luck!
