Answer:
e x = 14
Step-by-step explanation:
Answer:
It's worth $11,472.21 after 5 years.
Step-by-step explanation:
2.75% = 0.0275 as a decimal fraction.
The formula for the value after 5 years is:
A = 10,000(1 + 0.0275/12)^(5*12) where A is the amount of the investment after 5 years.
= 10,000(1.002291667)^60
= 10000 * 1.14722122
= 11,472.21.
=
20/100 times 12 = 2.40
then, 12 minus 2.40 = <em><u>9.60
~~~~~~~~~~~~~~~or~~~~~~~~~~~~~
</u></em><em><u /></em><u />80/100 times 12 = <em><u>9.60</u></em><em><u /></em><u />