7.8 x 10^7
I don’t know how to explain it but it’s right
The value of the investment in 5 years is $5805.9
<h3>What is Interest ?</h3>
Interest is the amount earned over years for the amount invested.
It is given that
Principal = $5000
Rate = 3%
Compounded Quarterly
Time = 5 years
Amount = ?
The Amount is given by the formula
Amount = P( 1 + (r/n))ⁿˣ
Here n = t = time period for which the investment has been done.
Amount = 5000( 1+(3/4 * 100)⁴ˣ⁵
Amount = 5000 (1.16)
Amount = $ 5805.9
Therefore , The value of the investment in 5 years is $5805.9
To know more about Interest
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Answer:
2
Step-by-step explanation:
I had to answer a question similar to that one on Math XL. This question was about renting a truck instead of needing a 48 mile taxi. (Took me a long time just to find the truck question, but I am giving you the truck help me answer the question, in hopes that it will help you.)
The cost of renting a truck from Hamilton Auto Rental is $47.60 per day plus $0.15 per mile. The expression 47.60 plus 0.15 m represents the cost of renting a truck for one day and driving it m miles. Evaluate 47.60 plus 0.15 m for m equals 120.
Substitute the numerical value for each variable into the expression and simplify the result.
I am sorry if that didn't help you, but it was the closest thing I could find to use to help you.
Answer:
10
Step-by-step explanation:
"three times r" = 3r
"three times r minus ten" = 3r - 10
"product of 5 and the difference of three times r minus ten"
= 5 (3r - 10)
given that r = 4,
the expression becomes
5 (3r - 10)
= 5 [3(4) - 10]
= 5 [12 - 10]
= 5 (2)
= 10
