Answer:
3300 workers
Step-by-step explanation:
25% is 825
So, 1% is 825/25
= 33
So, 100% is {(825/25)*100}
=3300 workers
Use the compound interest formula.
A = P*(1 +r/n)^(n*t)
where P is the principal, r is the annual rate, n is the number of compoundings per year, and t is the number of years.
For the first investment, ...
A = 208,000*(1 +.08/4)^(4*5) = 309,077.06
For the second investment, ...
A = 218,000*(1 +.07/2)^(2*4) = 287,064.37
Totaling both investments at maturity, Megan has $596,141.43.
Answer:
$6168.39
Explanation:
For a principal, P compounded continuously at a rate of r%, the amount in the account after t years is determined using the formula:
Given:
• The starting amount, P = $5,000
,
• Interest Rate, r = 3% = 0.03
,
• Time(t) = 7 years
Substitute these values into the formula:
Jack will have $6168.39 in his account after 7 years.
Answer:
Unit rate = 0.414 mph
Step-by-step explanation:
Distance travelled = 212 miles
Time taken = 512 hours
To repay this loan in three years we must make annual payments of $23,560.
<h3>How to calculate how much we should pay annually?</h3>
To calculate the payments that we must make each year, taking into account the 8% interest, we must carry out the following operations:
To calculate the interest equivalent to 8%:
- $57,000 ÷ 100 = $570
- $570 × 8% = $4,560
So, to calculate the total per year that we must pay, we must add both values:
- $19,000 + $4,560 = $23,560
Finally, to know how much we pay in total for the interest on the loan, we multiply the value of the interest by the years that the loan lasted:
$4,560 × 3 = $13,680
Learn more about loan in: brainly.com/question/11794123
