Answer:
From my knowledge and my research the answer is B! Thank you
Step-by-step explanation:
Answer:
$29.4
Step-by-step explanation:
I assume the question is based on simple interest since you didn't specify
Using simple interest
Simple interest=P×R×T
Where,
P=principal=$1470
R=interest rate=4%=0.04
T=time=6 months=0.5 year
Simple interest=P×R×T
=1470×0.04×0.5
=29.4
Interest earned=$29.4
Answer:
Step-by-step explanation:
17/20
Multiply by the conjugate 5/5.
(17 × 5)/(20 × 5)
85/100
Apply rule : a/100 = a%
85/100 = 85%
Answer:
Future Value= $5,886.13
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $5,425
Number of periods (n)= 1 year
Interest rate (i)= 8.5% = 0.085
<u>To calculate the future value after one year, we need to use the following formula:</u>
<u></u>
FV= PV*(1+i)^n
FV= 5,425*(1.085^1)
FV= $5,886.13
