Answer:
4,116
Step-by-step explanation:
Multiply by 7
12x7=84
84x7=588
and 588x7=4,116
So there's your answer 4,116
Answer:
$20.85 less.
Step-by-step explanation:
City sales:
7% tax = 48.65
total bed cost = $743.65
Nearby City:
4% tax = 27.8
total bed cost = $722.8
city sale - nearby city
743.65 - 722.8
=20.85
Answer:
The interest needed to reach that value of $6000 is 2.75%
Step-by-step explanation:
Given as :
The principal that invested in mutual fund = p = $4000
The time period = t = 15 years
The Amount after 15 years = A = $6000
Let The interest needed to reach that value = r%
Now, According to question
<u>From Compound Interest method</u>
Amount = principal × ![(1+\dfrac{\textrm rate}{100})^{\textrm time}](https://tex.z-dn.net/?f=%281%2B%5Cdfrac%7B%5Ctextrm%20rate%7D%7B100%7D%29%5E%7B%5Ctextrm%20time%7D)
Or, A = p × ![(1+\dfrac{\textrm r}{100})^{\textrm t}](https://tex.z-dn.net/?f=%281%2B%5Cdfrac%7B%5Ctextrm%20r%7D%7B100%7D%29%5E%7B%5Ctextrm%20t%7D)
Or, $6000 = $4000 × ![(1+\dfrac{\textrm r}{100})^{\textrm 15}](https://tex.z-dn.net/?f=%281%2B%5Cdfrac%7B%5Ctextrm%20r%7D%7B100%7D%29%5E%7B%5Ctextrm%2015%7D)
or,
= ![(1+\dfrac{\textrm r}{100})^{\textrm 15}](https://tex.z-dn.net/?f=%281%2B%5Cdfrac%7B%5Ctextrm%20r%7D%7B100%7D%29%5E%7B%5Ctextrm%2015%7D)
Or,
= ![(1+\dfrac{\textrm r}{100})^{\textrm 15}](https://tex.z-dn.net/?f=%281%2B%5Cdfrac%7B%5Ctextrm%20r%7D%7B100%7D%29%5E%7B%5Ctextrm%2015%7D)
or, 1.5 = ![(1+\dfrac{\textrm r}{100})^{\textrm 15}](https://tex.z-dn.net/?f=%281%2B%5Cdfrac%7B%5Ctextrm%20r%7D%7B100%7D%29%5E%7B%5Ctextrm%2015%7D)
or,
= ![(1+\dfrac{\textrm r}{100})](https://tex.z-dn.net/?f=%281%2B%5Cdfrac%7B%5Ctextrm%20r%7D%7B100%7D%29)
or, 1.0275 = ![(1+\dfrac{\textrm r}{100})](https://tex.z-dn.net/?f=%281%2B%5Cdfrac%7B%5Ctextrm%20r%7D%7B100%7D%29)
or, 1.0275 - 1 = ![\dfrac{r}{100}](https://tex.z-dn.net/?f=%5Cdfrac%7Br%7D%7B100%7D)
or, 0.0275 = ![\dfrac{r}{100}](https://tex.z-dn.net/?f=%5Cdfrac%7Br%7D%7B100%7D)
∴ r = 0.0275 × 100
I.e r = 2.75
So, The interest needed to reach that value = r = 2.75%
Hence,The interest needed to reach that value of $6000 is 2.75% Answer