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The value of the investment in 5 years is $5805.9
<h3>What is Interest ?</h3>
Interest is the amount earned over years for the amount invested.
It is given that
Principal = $5000
Rate = 3%
Compounded Quarterly
Time = 5 years
Amount = ?
The Amount is given by the formula
Amount = P( 1 + (r/n))ⁿˣ
Here n = t = time period for which the investment has been done.
Amount = 5000( 1+(3/4 * 100)⁴ˣ⁵
Amount = 5000 (1.16)
Amount = $ 5805.9
Therefore , The value of the investment in 5 years is $5805.9
To know more about Interest
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1. 360*0.40=144
so they said 40% reggie collected main mor than 40% collected so you need to do add like 360+144=504
the answer 504
2. you need to do new to old
the new is 15 old is 799
799-15=784x100
the high number is 799
so you need to do 799 divided by 100=7.99
now 784 divided by 7.99=98.12
the answer is 98.12
Since he sold it for $75 more,
% Mark Up = Mark Up/ Cost Price * 100%
% Mark Up = 75 / 125 * 100%
= 0.6 * 100% = 60%
Percent Mark Up = 60%.
Hope this explains it.
1 = 1 x 10 exponent 0
27.5 = 2.75 x 10 exponent 1