Answer:
Interest earned= $200
Step-by-step explanation:
Giving the following information:
Initial investment= $20,000
Interest rate= 3%
Inflation rate= 2%
First, we need to calculate the real interest rate. <u>The inflation rate decreases the value of money through time. We need to deduct from the interest rate, the inflation rate.</u>
Real interest rate= 0.03 - 0.02= 0.01
<u>Now, we can calculate the interest earned in year 1:</u>
Interest earned= PV*(1+i)^n - PV
Interest earned= 20,000*(1.01^1) - 20,000
Interest earned= $200
Answer:
Step-by-step explanation:
3 7 5 2
Answer:
x>
−87
/4
Step-by-step explanation:
Answer:
less than, this is scaling dude
Step-by-step explanation:
Answer:
1920 men are there in college.
Step-by-step explanation:
Given the statement: At a certain college, the ratio of men to women is 6 to 5. If there are 3520 total students.
Ratio states that it is just a comparison between, or a relating of, two different things.
i.e a to b or a: b
Ratio of men to women:
Men : Women = 6: 5
Let x be the number.
Total number of Men in college = 6x and Total number of women = 5x
Since, total number of students = 3520
⇒
Combine like terms;
11x = 3520
Divide by 11 on both sides we get;
x = 320
Therefore, total number of men in college = 6x = 6(320) = 1920