Answer:
41.86 is the right answer
Step-by-step explanation:
Answer:
You would receive $510.08 in return.
Step-by-step explanation:
In order to find the answer, you can use the formula to calculate the future value:
FV=PV*(1+i)^n
FV=future value
PV= present value= 500
i= interest rate=0.03/12=0.0025 per month
n= number of periods of time= 8
Now, you can replace the values in the formula:
FV=500*(1+0.0025)^8
FV=500*(1.0025)^8
FV=510.08
According to this, the answer is that you would receive $510.08 in return.
Answer:
16.5
Step-by-step explanation:
27.50/5 =5.5x3=16.5
Here are the steps, hope it helps!
Answer:
4/3
Step-by-step explanation:
