The formula is
A=p (1+r)^t
A future value 572.6
P present value 560
T time 6/12 =1/2=0.5
R interest rate?
We need to solve for r
R=(A/p)^(1/t)-1
R=(572.6÷560)^(1÷0.5)−1
R=0.0455×100
R=4.55%
The answer is 6133.5! Hope this helps!
There is a mathematical formula which relates these quantities, given by:
Using this, we have:
<span>
</span>
Answer:
1000=450 (1+ 0.06) y
4
Step-by-step explanation:
In the paranthesis where it says 0.06 and then 4 at the bottom its supposed to be a fraction btw
