Remember that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is the number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
P=$1,700
t=5 years
r=1.53%=1.53/100=0.0153
n=12
Part A
substitute the given values
A=$1,835.06
therefore
<h2>The answer to Part A is $1,835.06</h2>
Part B'
Find out the interest
I=A-P
substitute given values
I=$1,835.06-$1,700
I=$135.06
<h2>The answer to Part B is $135.06</h2>
Answer:
Step-by-step explanation:
Start by taking everything out of the parentheses:
Note two negatives make a positive:
Combine like terms:
Simplify
Answer:
511
Step-by-step explanation:
7 ×73=511 because here us a difference of 7 in-between the numbers so you do 7×73=511
Answer:
9/50
Step-by-step explanation:
How many paper clips in the first cup
7 pink + 3 blue = 10
P ( blue) = blue / total = 3/10
How many paper clips in the second cup
3 black+ 1 red + 6 orange = 10
P ( orange) = orange / total = 6/10 = 3/5
Since the events are independent, we can multiply the probabilities
P( blue, orange) = 3/10 * 3/5 = 9/50