Answer: the value of the account at the end of 6 years is is $8577
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 6000
r = 6% = 6/100 = 0.06
n = 4 because it was compounded 4 times in a year.
t = 6 years
Therefore,.
A = 6000(1+0.06/4)^4 × 6
A = 6000(1+0.015)^24
A = 6000(1.015)^24
A = $8577
Hi there
let me help you out
The answer is 30
To find the answer you have to find the multiples of 2 and 5
2,4,6,8,10,12, 14,16,18,20,22,24,26,28,30,32,34,
5,10,15,20,25,30
30 comes in both time tables.
it also does not cross 34
hope this helps you
Answer:
292.50 dollars
Step-by-step explanation:
P = 650 is the the principal.
r = 0.09 is the interest rate in decimal form.
t = 5 is the number of years.
i = 650*0.09*5
i = 292.50 is the simple interest.
Answer:
7
Step-by-step explanation:
$45- $8 = 37 (aka his raffle ticket spending money)
37÷5= 7, so the max # of raffle tickets he can buy is 7.
