The answer is b. Hope this was helpful
Answer:
5
Step-by-step explanation:
<h3>Answer: 7366.96 dollars</h3>
========================================================
Use the compound interest formula:
A = P(1+r/n)^(n*t)
where in this case,
A = 12000 = amount after t years
P = unknown = deposited amount we want to solve for
r = 0.05 = the decimal form of 5% interest
n = 1 = refers to the compounding frequency (annual)
t = 10 = number of years
-------
Plug all these values into the equation, then solve for P
A = P(1+r/n)^(n*t)
12000 = P(1+0.05/1)^(1*10)
12000 = P(1.05)^(10)
12000 = P(1.62889462677744)
12000 = 1.62889462677744P
1.62889462677744P = 12000
P = 12000/1.62889462677744
P = 7366.95904248911
P = 7366.96
Answer:
15
Step-by-step explanation:
3 and 5 are not common denominators so you have to find the lowest common denominator which is 15 because 3 times 5 is 15
