Question

A)$150 at 3 % interest for 2 years

Answer 1

Answer:

A)  159.135 = X

B) 2,531.25 = X

C)  6,187.5 = X

D) 831,947.46 = X

Step-by-step explanation:

The following investments are required to be calculated:

A) $ 150 at 3% interest for 2 years

B) $ 750.00 at 1/2% interest for 3 years

C) $ 2,250.00 at 1 3/4% interest for 1 year

D) $ 2,550.00 at 3 1/4 interest for 4 years

Therefore, the following calculations must be performed:

A)

150 x (1 + 0.03) ^ 2 = X

150 x 1.03 ^ 2 = X

159.135 = X

B)

750 x (1 + 0.5) ^ 3 = X

750 x 1.5 ^ 3 = X

2,531.25 = X

C)

2,250 x (1 + 1.75) = X

2,250 x 2.75 = X

6,187.5 = X

D)

2,550 x (1 + 3.25) ^ 4 = X

2,550 x 4.25 ^ 4 = X

831,947.46 = X