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3241004551 [841]
3 years ago
15

Find the future value if £7400 is invested for 6 years at 12.8% p.a. Total

Mathematics
1 answer:
Juli2301 [7.4K]3 years ago
7 0

Answer:

the future value is £15,243.56

Step-by-step explanation:

The computation of the future value is shown below:

As we know that

Future value = Present value × (1 + rate of interest)^number of years

= £7400 × (1 + 0.128)^6

= £15,243.56

Hence, the future value is £15,243.56

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Step-by-step explanation:

The information provided is as follows:

  • A city council consists of seven Democrats and five Republicans.
  • A committee of four people is selected.

In mathematics, the procedure to select k items from n distinct items, without replacement, is known as combinations.

The formula to compute the combinations of k items from n is given by the formula:

{n\choose k}=\frac{n!}{k!\times (n-k)!}

Compute the number of ways to select four people as follows:

{12\choose 4}=\frac{12!}{4!\times (12-4)!}=495

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