Answer:
$ 8,695.35
Step-by-step explanation:
This is a compound interest question
Amount after t years = A = P(1 + r/n)^nt
Where P = Initial Amount saved
r = interest rate
t = time in years
n = compounding frequency
A = 10,000
r = 3.5 %
t = 21 - 17 = 4 years
n = Compounded monthly = 12
Step 1
Converting R percent to r a decimal
r = R/100 = 3.5%/100 = 0.035 per year.
P = A / (1 + r/n)^nt
Solving our equation:
P = 10000 / ( 1 + (0.035/12)^12 ×4 =
P = $8,695.35
The principal investment required to get a total amount, principal plus interest, of $10,000.00 from interest compounded monthly at a rate of 3.5% per year for 4 years is $8,695.35.
Profit for August: x
Profit for September: x - 22%x
Total Profit for August & September: $689,000
x + x - 22% x = 689,000
2x - .22x = 689,000
1.78x = 689,000
x = 689,000/1.78
x = 387,078.65
August Profits: $387,078.65
September Profits: 387,078.65 - (22%)(387,078.65) = 387,078.65 - 85,157.30 = 301,921.35
August Profits: $387,078.65
September Profits
$301,921.35
Answer: 24%
Step-by-step explanation:
0.05, 0.5, 5/8
5/8 is greater than 0.5 since 0.5 = 1/2 which equals 4/8
Let's say the numbers are "a" and "b"
now, we know one of them is 7 more than the other, so hmmm let's say "b" is 7 more than "a", so b = a + 7
the difference of their squares is 161, alrite
and surey you know how much that is
now, what's "b"? well, b = a + 7
