Answer:
$25.98
Step-by-step explanation:
8.25% of 24 = 0.0825 × 24 = 1.98
1.98 + 24 = 25.98
Answer: 9.9 years.
Step-by-step explanation:
If interest is compounded continuously, then formula to compute final amount A =
, where P =initial amount, r= rate of interest , t=time.
Given: P= $61,000, r= 1.9% =0.019 , A = $ 73600
Substitute all values in formula

Taking natural log on both sides

Hence, the required time = 9.9 years.
Answer:
18/5
Step-by-step explanation:
5 1/5 = 1 thus 3 are 15 + 3 = 18/5
Agreed, I had to take a test on it and y did equal 70
Deposit: = $600 on 1st April
Futher Depost = $200 on1st July
Interest rate = 2.60% per annum
Compounded = quarterly