Answer:
$176.3193692 or $176.32 (rounded to two decimal places)
Step-by-step explanation:
It is a compound interest, which means the interest accumulates on an initial amount each period.
The formula is A=P(1+R)^n
A= the total amount P=initial amount R=rate n=time (years)
P=$120 Rate= 8% or 0.08 (decimal) n=5 (years)
A=120 (1+0.08)^2
A=120 (1.469328077)
A= 176.3193692
I=PRT
P=8000
R=0.015
T=3
I=8000*0.015*3=360
total amount=8000+360=$8360
Answer:
3/8
Step-by-step explanation:
75% or 0.75 is equivalent to 3/4
3/4 times 1/2 equals 3/8
Answer:
r=9
Step-by-step explanation:
13r=117
r=117/13
r=9
30 000 + 7 000 + 800 + 30 + 1
